08.12.2009 - Can’t blame oil price jump on speculators, new paper finds

From Pionline.com: Speculators did not likely cause a spike in oil prices in the summer of 2008, according to a new paper by EDHEC-Risk Management. “Based on traditional speculative metrics, the balance of outright speculators in the U.S. oil futures and options markets was not excessive relative to hedging activity in those same markets from June 13, 2006, to Oct. 20, 2009,” ..................................Full Article: Source

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