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Speculation by large investors - not supply and the demand for oil - were a primary reason for the surge in oil prices during the first half of the year and the more recent price declines, an independent study concluded Wednesday. ...more
September 11, 2008
Only a month ago, sizzling commodities prices seemed destined to soar higher with record-breaking rallies in crude oil and corn. But the boom appears to be taking a breather, cooled by a weakening economy and a milder Mother Nature. ...more
July 24, 2008
Don't blame us. That's the message financial managers responsible for millions of Americans' retirement benefits delivered Tuesday to lawmakers who are increasingly blaming speculation for record fuel prices. ...more
June 25, 2008
It's frustrating enough when gas prices soar due to the unseen forces of global supply and demand. But it's downright unfair when Wall Street speculators contribute to rising prices at the pump. ...more
June 13, 2008
NEW YORK - Drivers are paying an average of $4 for a gallon of gasoline for the first time. AAA and the Oil Price Information Service say the national average price for a gallon of regular gas rose to $4.005 overnight from $3.988. But consumers in many parts of the country have already been paying well above that price for some time. ...more
June 8, 2008
Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation. ...more
May 30, 2008
In what appears to be the largest trading fraud ever carried out by a single person, a young trader at French bank Societe Generale is accused of making unauthorized bets on stock markets that cost the bank nearly $7.2 billion but may not have netted him a cent. ...more
January 25, 2008
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