Keeping Some Speculators out of the Oil Market May Lead to Higher Oil Prices
Michael Giberson From Fortune-Investor Daily: If Congress or the CFTC forces through stiff curbs on futures trading by so-called “speculators” — i.e. investors who use futures to bet on future price movements but don’t buy actual oil — it may lead to higher, not lower, oil prices over the long term. Why? Imagine you’re an …
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