28.01.2010 - Speculators kept oil from spiking with cold: report
From Reuters: Speculators helped prevent U.S. heating oil prices from soaring during the recent cold spell by contributing to the inventory buildup that forestalled a shortage, an energy economist said Wednesday. "We went into the episode with much higher inventories ... relative to previous episodes. Why were inventories high? The answer is passive investors," energy economist Phil Verleger told the Argus Crude Summit......................................Full Article: Source
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