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


SPY211.36  chart-0.21  chart -0.10%
GOOG539.18  chart+5.19  chart +0.97%
AAPL129.96  chart-0.57  chart -0.44%
TSLA248.35  chart-1.10  chart -0.44%
TWTR36.40  chart-0.23  chart -0.63%
BBRY9.62  chart+0.11  chart +1.16%
NFLX623.91  chart+0.89  chart +0.14%
FB80.445  chart+0.155  chart +0.19%

Nikkei20543.19  chart-26.68  chart -0.13%
UK6928.27  chart-25.31  chart -0.37%
France5004.46  chart-20.84  chart -0.41%
Germany11328.80  chart-107.25  chart -0.94%

EUR / USD1.1147  chart-0.0004  chart -0.04%
GBP / USD1.5338  chart-0.0006  chart -0.04%
CAD / USD0.8055  chart-0.0005  chart -0.06%
AUD / USD0.7762  chart-0.0010  chart -0.13%