Commodity trading data leak relights speculation debate
Leaked US CFTC data on commodity market positions in the run-up to 2008’s record oil price spike has fanned the flames of the long-running speculation debate. Pauline McCallion reports
On August 19, Vermont Senator Bernie Sanders posted on his website the names and aggregate position levels of more than 200 traders of crude oil, heating oil and gasoline between December 2007 and June 2008. This period saw the price of crude futures rocket above $100 per barrel before eventually reaching a record of more than $147 per barrel in July 2008. Making this information freely available is
in the public interest, according to Sanders.
"This report clearly shows that in the summer of
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