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Heating Oil Prices

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

When Oil Traders Make a Mistake, We All Pay the Price

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

In theory, oil markets only respond to two forces: supply and demand. However, it has become clear that the whimsical perceptions of oil traders can also have just as much influence on oil prices.

Oil Prices Were Manipulated, U.S. Government Commission Charges

Janet Ritz | Posted 05.25.2011 | Green
Janet Ritz

The agency charged with "ensuring the integrity of the futures & options market," has accused Optiver Holding of manipulating the prices of crude oil, heating oil and gasoline futures on the NY Mercantile Exchange.