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Author Topic: Oil ends lower; large trade spurs fund speculation Back to Topics
DoctorV

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Detroit

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

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.


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DoctorV
Champion Author Detroit

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Message Posted: Feb 21, 2013 11:58:27 AM

Too bad republicans in Congress won't fund the CFTC.
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fuel2use
Champion Author Seattle

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Message Posted: Feb 21, 2013 10:55:27 AM

End speculation.
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Straitliner
Champion Author Illinois

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Message Posted: Feb 21, 2013 6:17:06 AM

All speculators should be beheaded. If I was the president I would make a law for that.
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Feb 21, 2013 4:28:50 AM

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.
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TxMtb
Champion Author Ohio

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Message Posted: Feb 21, 2013 3:26:13 AM

And yet, prices are not going down.
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StArrow68
Champion Author Oakland

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Message Posted: Feb 21, 2013 3:25:09 AM

What goes up........ About time somebody got burned in that market.
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MrLefty0706
Champion Author Chicago

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Message Posted: Feb 21, 2013 3:17:42 AM

Nice to see a greedy speculator end up on the wrong side of the market.
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bisonjim
Champion Author Florida

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Message Posted: Feb 21, 2013 3:13:00 AM

Speculators
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alterman156
Champion Author New York

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Message Posted: Feb 21, 2013 1:46:24 AM

Maybe gasoline prices will go down.
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amerk73
Champion Author Dallas

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Message Posted: Feb 21, 2013 1:33:43 AM

gas price want up
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Zing20
Champion Author Fresno

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Message Posted: Feb 21, 2013 12:27:39 AM

Greedy speculators
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WanderDan
All-Star Author Dayton

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Message Posted: Feb 20, 2013 11:57:51 PM

god
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dandvicb
Champion Author Bridgeport

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Message Posted: Feb 20, 2013 11:56:50 PM

Absolutely ridiculous SPECULATION!!!!!
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andy1024
Champion Author Allentown

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Message Posted: Feb 20, 2013 11:42:18 PM

Hopefully more funds will be in trouble so the oil could go down further.
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MidNJ
Champion Author New Jersey

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Message Posted: Feb 20, 2013 10:52:30 PM

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.
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RBob
Champion Author Portland

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Message Posted: Feb 20, 2013 10:13:31 PM

More evidence that CONGRESS needs to re-establish the controls over the specculators that they removed some ten years ago.
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