iOS app Android app

Nymex

After MF Global, Regulator Tells Smaller Firm: 'Don't Screw With Customer Funds'

Reuters | Posted 05.13.2012 | Business

* CFTC says JPMorgan account held unsegregated funds * Tens of millions of dollars commingled--CFTC * MBF says no custom...

J.P. Morgan Chase Banks on Buying Into the Casino

Raymond J. Learsy | Posted 01.25.2012 | Business
Raymond J. Learsy

J.P. Morgan Chase is buying a stake from MF Global in the London Metals Exchange that will make it the largest single share holder ahead of guess who? Right, Goldman Sachs!

This Little Piggy Went to the Gas Market

John Bates | Posted 08.30.2011 | Business
John Bates

Historically, fat finger trades -- where a trader presses the wrong key or adds a zero too many on an electronic trading system -- were considered exclusive to equities markets. But they are now stretching their piggy little digits into other asset classes.

Oil Speculators: Manipulative Evil Masterminds Or Just Savvy Investors?

DailyFinance | Posted 07.10.2011 | Business

As the price of oil climbed over the past few months, a growing army of commentators and pundits grimly hinted about "speculators" who were manipulati...

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.

Oil Market Manipulation has Crude Prices Sky High

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The current price of crude taken together with the country's jobless rate makes no sense at all. Clearly the price of oil has lost all ballast to the dynamic of supply and demand.

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.

The Bailout Bill Passes Congress, President Signs the Legislation, and the World Is Saved. Not.

Patrick Takahashi | Posted 05.25.2011 | Green
Patrick Takahashi

We saw it when Reagan became president in the early '80s and a decade ago when the price of oil (in real dollars) hit an all-time low. Here we go, back to the past again. That's why it's ominous.

Oil Trading: The CFTC Brings "Duh"! To a New Level

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Our valiant oversight heroes examined Swiss company VITOL's books last month and found that VITOL was more of a speculator holding oil contracts than a means of lining up the actual delivery of fuel.