Goldman Sachs Response to Congress Members' Claim Gas Prices Spiked by Speculators

Goldman Sachs responded to a request for comment on Commissioner Chilton of the CFTC referring to a report the company commissioned as showing that large speculation in oil futures markets can affect the actual price of oil by sending a statement from the independent authors of the report. Here is the full statement: "We do find that buying and selling in the oil futures markets exerts an influence on oil prices. Buying and selling is how information about current and expected future oil...Full Story
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