| 29.07.2009 - Watchdogs clash over blame for oil price spikes |
| From Independent: Financial regulators on either side of the Atlantic are set to clash over the role of futures traders in major swings in the oil price as the US commodities watchdog gets ready to clamp down on "excessive speculation". In some quarters, both last year's ballooning $147 (£90) per barrel high, and June's eight-month high of more than $70, are blamed on traders speculating in the futures markets.........Full Article: Source |