Speculators Now Driving Down Oil Futures Prices

By Apr 23, 2012, 3:52 PM Author's Blog  

In anticipation of rising future supply and/or declining future demand, oil speculators are now driving oil prices down for December 2016 crude oil futures contracts. In just the last three weeks, futures prices for delivery in 2016 have fallen by more than 5%, from $94.75 per barrel in early April to below $90 in recent trading.

Are these the same destabilizing, market-manipulating oil speculators who are supposedly to blame for oil prices rising in the short term? Or are these the “good” speculators whose trading leads to falling prices, as opposed to the “bad” speculators whose trading raises prices?

Speculators Now Driving Down Oil Futures Prices

  • SHARE:
  • Share on StockTwits

LEAVE A COMMENT

SPY206.19  chart+0.77  chart +0.37%
GOOG521.7103  chart+0.1903  chart +0.04%
AAPL125.51  chart+0.98  chart +0.79%
TSLA269.22  chart+7.20  chart +2.75%
TWTR36.3428  chart+2.1328  chart +6.23%
BBRY8.19  chart-0.10  chart -1.21%
NFLX657.11  chart+11.49  chart +1.78%
FB86.11  chart+0.31  chart +0.36%

Nikkei20235.73  chart+125.78  chart +0.63%
UK6520.98  chart-99.50  chart -1.50%
France4790.20  chart-79.62  chart -1.63%
Germany10944.97  chart-138.23  chart -1.25%

EUR / USD1.1149  chart-0.0087  chart -0.77%
GBP / USD1.5717  chart-0.0019  chart -0.12%
CAD / USD0.8007  chart-0.0058  chart -0.72%
AUD / USD0.7712  chart+0.0034  chart +0.44%