17.12.2009 - Speculators don't cause oil price swings -JPMorgan
From Forbes: Over 90 percent of the market swings in oil since 2006 were due to supply shocks, not price speculation, JPMorgan said Wednesday in a study that questions tough market curbs proposed on commodity investors. "It is often heard in non-market circles that if speculators move prices, then removing speculators from the equation would reduce prices," JPM, one of the leading voices in commodities among Wall Street banks, said in the study......................................Full Article: Source
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