28.05.2010 - Don't scapegoat speculators: exchanges
From Reuters: Government meddling in financial markets risks price distortion and under-investment, and political attempts to tackle "speculators" are misguided, commodity exchanges told Reuters Global Energy Summit. Executives of the world's trading floors for oil and other raw materials say there is no evidence that speculators cause volatility such as the huge swings in oil in 2008 up to a record of almost $150 per barrel and down to a low of nearly $30..............................................Full Article: Source
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