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Commodities Briefing - Categorized | Market Moves, Regulatory more

Commodity boom wasn’t speculation, regulators say

Posted on 06 March 2009

From Bloomberg: Commodity markets were more likely driven by supply and demand than speculation in last year’s price spikes, an international group of regulators said, while calling for more powers to guard against manipulation.

The report of a 12-nation task force is the result of a study of last year’s record oil prices and increases in food costs. Oil peaked last July at more than triple current levels and overshadowed the credit crunch among government leaders’ concerns….. Full Article: Source


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