Wednesday, May 21, 2008
source suggesting that speculators account for 60% of oil trading volume. The Index speculators about which Masters testified include institutional investors like corporate and government pension funds, university endowments, and sovereign wealth funds.
bloggingstocks.: Oil at $130 -- partly due to Goldman Sachs betting on $200 oil?
In this post, I suggested that supply and demand figures would mean a drop in price. But I found a source suggesting that speculators account for 60% of oil trading volume. The Index speculators about which Masters testified include institutional investors like corporate and government pension funds, university endowments, and sovereign wealth funds. And he suggests that they're betting on a drop in the dollar and a rise in the price of oil as an inflation hedge.
Posted by chris @ 09:08 PM (97 views) Add Comment
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