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Oil Traders

Goldman Sachs Predicting $45 Oil By October

James Stafford | Posted 05.21.2015 | Business
James Stafford

Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this.

Wall Street Makes Huge Twitter Mistake

Reuters | Posted 12.10.2013 | Business

By Jeanine Prezioso NEW YORK, Oct 10 (Reuters) - Oil prices jumped more than $2 to their highest in a month on Thursday on growing hope for a deal ...

EU's Oil Probe Years Overdue. Targets Wrong Benchmark

Raymond J. Learsy | Posted 07.16.2013 | Business
Raymond J. Learsy

The European antitrust authorities have finally carried out inspections of oil firms in three countries as well as the offices of the price-index publisher Platts, to determine if they distorted published prices of crude oil and petroleum products. It is a first step, long overdue, but it targets the wrong benchmark.

The Charade of the Iranian Oil Embargo

Raymond J. Learsy | Posted 12.02.2012 | Business
Raymond J. Learsy

The U.S. should at long last recognize that in being the world's most important consumer of fossil fuels our market is as important to oil producers as they have been in supplying our needs.

President Unfortunately Gets No Help Attacking Oil Speculation

Daniel Dicker | Posted 06.19.2012 | Business
Daniel Dicker

In a futures market, we can actually see what prices are expected to do in the future, unlike most other asset markets. And in oil? We are in backwardation -- meaning that as time goes on, prices goes DOWN. A lot.

Wall Street Vampires

Rachel Lewis | Posted 11.23.2011 | Politics
Rachel Lewis

Lady Liberty can't help but wonder if the Goldman Sachs, J.P. Morgan et al crew are trying to audition for the next season of True Blood... or, more likely, they have something to hide.

Feds' Oil Manipulation Lawsuits Are 'Rubbish,' Shipping Magnate Says

Posted 07.26.2011 | Business

OSLO (Reuters) - Shipping magnate John Fredriksen said U.S. regulator lawsuits against two of his trading firms for suspected oil price manipulati...

Oil Broker And Drunk Trading: Steve Perkins BANNED From Financial Services For Five Years

msn.com | Posted 05.25.2011 | Business

LONDON -- Britain's financial regulator has fined and banned a former broker for manipulating oil prices by buying more than 7 million barrels while o...

How I Met the Biggest Devil

Daniel Ammann | Posted 05.25.2011 | Books
Daniel Ammann

Marc Rich, the world's most powerful oil trader who had systematically avoided reporters and had given his last interview over twenty years ago, finally opened up about his businesses and his private life.

CFTC Pins Blame For Oil Spike On Speculators

Wall Street Journal | By IANTHE JEANNE DUGAN and ALISTAIR MACDONALD | Posted 05.25.2011 | Business

The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant role in driving wild swings in...