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Heating Oil Price Trend for May 17: -7¢
US Army Corps of Engineers opened the Morganza Spillway during the weekend, easing fears the swollen Mississippi River would flood southern refineries. The developments sent gasoline futures plunging...
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Speculators Charged With Manipulating Oil Prices
Regulators have charged two speculators with manipulating oil prices in a scheme that reportedly netted them and their companies $50 million. (image: business-ethics.com) Federal regulators have...
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French President Compares Speculators to Mafia
French president Nicolas Sarkozy launched an attack on commodity speculators this week, calling for international regulation of commodity markets to help reign in prices for oil and raw materials....
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New Law Tabled Targeting Oil Speculators
Vermont Senator Bernie Sanders is proposing a new law that would force federal regulators to implement immediate rules to curb speculators and control gasoline and heating oil prices. (image:...
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Ecuador Government to Hedge Against Tumbling Oil Export Prices
Ecuador President Rafael Correa is considering whether to take out insurance which would hedge the OPEC oil exporter's risk against a possible crash in world oil prices. (image: telegraph.co.uk) The...
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Speculative Oil Trading Rules Delayed
Rules designed to clamp down on the effect of Wall Street investors in oil markets face further delays with federal regulators putting off a crucial vote till at least next month. (image:...
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