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Commodities Briefing - Categorized | Oil, Price Watch more

The smoking gun of higher oil prices

Posted on 16 September 2013

There, in plain sight for all to read, the highly influential New York Times, in an article about the manipulative speculation in ethanol markets and the obscure but phenomenally profitable ethanol credits (having skyrocketed more than 20 times in the last six months) and in turn its impact on the price for gasoline brought us the following observation:
“While banks are by no means the largest players in ethanol credits, Wall Street’s activities in this market reflects a larger effort by financial institutions to exert their influence over loosely regulated markets for basic commodities from aluminum to oil.”……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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