June 24, 2013 at 09:00 AM EDT
How Crude Oil Traders Manipulate The Market
Market manipulation, especially in the commodity space, is nothing new. Hard assets like gold and silver are almost always under scrutiny for fear that large institutions are getting away with fixing the market; JP Morgan just recently escaped such charges concerning silver markets. The latest scandal has hit the European Union, as one trader has stepped forward, detailing how he (and many others) have been able to successfully manipulate Platts oil prices over the years [for more crude oil news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Backwardation Report: Cotton, Crude and Gasoline Face Falling Prices Backwardation Report: Energy And Grains Face Falling Curves Citi’s Energy Outlook For 2013 The World’s 5 Largest Oil Consumers How Well Does UNG Track Natural Gas?
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