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Commodities Briefing - Categorized | Market Moves, Oil more

Physical-oil oversight won’t change

Posted on 04 October 2012

A two-year investigation into whether the unregulated physical oil market is vulnerable to manipulation and needs tighter supervision looks set to end this week with a report that effectively endorses the current system, according to documents seen by The Wall Street Journal.
Responding to price volatility after the financial crisis that saw Brent crude climb to $144 a barrel in July 2008 and plunge a few months later to $35, the Group of 20 economically most developed nations in 2010 asked the International Organization of Securities Commissions to look at whether the physical oil market was at risk of manipulation and needed tighter regulation………………………………………..Full Article: Source


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