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Author	Topic: Oil ends lower; large trade spurs fund speculation	Post a Reply Back to Topics

DoctorV Champion Author Detroit Posts:1,025 Points:201,705 Joined:Aug 2008	Message Posted: Feb 20, 2013 9:31:28 PM Ignore DoctorV Report Abuse Oil futures dropped Wednesday after a large block of trades in the market fostered speculation that a commodity fund was forced to liquidate ahead of the expiration of the March futures contracts. The market was hit by a large block of trades, spurring speculation that a commodity fund “got on the wrong side of the market” — that a fund was in trouble and was “forced to liquidate,” said Stephen Schork with the Schork Group. And the prices were also hit by talk of a possible increase in production by Saudi Arabia in the second quarter of this year, said Matthew Parry, senior oil-market analyst at the International Energy Agency. It wasn’t clear where the speculation originated from, but several analysts mentioned it Wednesday. Visit WSJ for full article

DoctorV

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Message Posted: Feb 20, 2013 9:31:28 PM

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Oil futures dropped Wednesday after a large block of trades in the market fostered speculation that a commodity fund was forced to liquidate ahead of the expiration of the March futures contracts.

The market was hit by a large block of trades, spurring speculation that a commodity fund “got on the wrong side of the market” — that a fund was in trouble and was “forced to liquidate,” said Stephen Schork with the Schork Group.

And the prices were also hit by talk of a possible increase in production by Saudi Arabia in the second quarter of this year, said Matthew Parry, senior oil-market analyst at the International Energy Agency. It wasn’t clear where the speculation originated from, but several analysts mentioned it Wednesday.

Visit WSJ for full article

REPLIES (newest first)Ignore Short Messages

DoctorV Champion Author Detroit Posts:1,025 Points:201,705 Joined:Aug 2008	Message Posted: Feb 21, 2013 11:58:27 AM Ignore DoctorV Report Abuse Too bad republicans in Congress won't fund the CFTC.
fuel2use Champion Author Seattle Posts:3,483 Points:732,350 Joined:Dec 2010	Message Posted: Feb 21, 2013 10:55:27 AM Ignore fuel2use Report Abuse End speculation.
Straitliner Champion Author Illinois Posts:1,492 Points:236,550 Joined:Sep 2012	Message Posted: Feb 21, 2013 6:17:06 AM Ignore Straitliner Report Abuse All speculators should be beheaded. If I was the president I would make a law for that.
djgunrunner Champion Author Salt Lake City Posts:10,094 Points:2,347,630 Joined:Apr 2005	Message Posted: Feb 21, 2013 4:28:50 AM Ignore djgunrunner Report Abuse The commodity fund started thinking they have been pushing the price to the limit and are pulling out before the force another investigation that will do nothing but give them bad publicity.
TxMtb Champion Author Ohio Posts:1,535 Points:343,355 Joined:Feb 2012	Message Posted: Feb 21, 2013 3:26:13 AM Ignore TxMtb Report Abuse And yet, prices are not going down.
StArrow68 Champion Author Oakland Posts:3,250 Points:1,360,225 Joined:Apr 2003	Message Posted: Feb 21, 2013 3:25:09 AM Ignore StArrow68 Report Abuse What goes up........ About time somebody got burned in that market.
MrLefty0706 Champion Author Chicago Posts:1,444 Points:350,335 Joined:Apr 2012	Message Posted: Feb 21, 2013 3:17:42 AM Ignore MrLefty0706 Report Abuse Nice to see a greedy speculator end up on the wrong side of the market.
bisonjim Champion Author Florida Posts:1,050 Points:205,255 Joined:May 2012	Message Posted: Feb 21, 2013 3:13:00 AM Ignore bisonjim Report Abuse Speculators
alterman156 Champion Author New York Posts:7,480 Points:1,556,550 Joined:Dec 2008	Message Posted: Feb 21, 2013 1:46:24 AM Ignore alterman156 Report Abuse Maybe gasoline prices will go down.
amerk73 Champion Author Dallas Posts:7,045 Points:1,620,105 Joined:Oct 2008	Message Posted: Feb 21, 2013 1:33:43 AM Ignore amerk73 Report Abuse gas price want up
Zing20 All-Star Author Fresno Posts:692 Points:171,155 Joined:Nov 2012	Message Posted: Feb 21, 2013 12:27:39 AM Ignore Zing20 Report Abuse Greedy speculators
WanderDan All-Star Author Dayton Posts:585 Points:142,710 Joined:Nov 2012	Message Posted: Feb 20, 2013 11:57:51 PM Ignore WanderDan Report Abuse god
dandvicb Champion Author Bridgeport Posts:1,227 Points:1,075,980 Joined:Jul 2004	Message Posted: Feb 20, 2013 11:56:50 PM Ignore dandvicb Report Abuse Absolutely ridiculous SPECULATION!!!!!
andy1024 Champion Author Allentown Posts:1,692 Points:446,200 Joined:Dec 2011	Message Posted: Feb 20, 2013 11:42:18 PM Ignore andy1024 Report Abuse Hopefully more funds will be in trouble so the oil could go down further.
MidNJ Champion Author New Jersey Posts:7,546 Points:1,171,835 Joined:Sep 2009	Message Posted: Feb 20, 2013 10:52:30 PM Ignore MidNJ Report Abuse Rbob, "More evidence that CONGRESS needs to re-establish the controls over the specculators that they removed some ten years ago." ????????????????? The question really is, - How do we establish controls over the speculators.
RBob Champion Author Portland Posts:3,369 Points:2,346,900 Joined:May 2004	Message Posted: Feb 20, 2013 10:13:31 PM Ignore RBob Report Abuse More evidence that CONGRESS needs to re-establish the controls over the specculators that they removed some ten years ago.