fmx | energy | connect - U.S. Team to Study Whether ‘Speculators’ Driving Up Pump Prices

Categories:

Tools

FMX 2010 Energy Expiration Calendar

Data Reports:: market snapshot; energy >> crude report; energy >> options report; energy >> natural gas report; commodities >> metals report; weather >> full report

<< Morning Petrospective – April 22, 2011 | Crude Oil Prices: What's Behind the Spike to $112 – And Why There's More to Come >>

U.S. Team to Study Whether ‘Speculators’ Driving Up Pump Prices

April 22 2011, 09:04

FMX | Connect – www.fmxconnect.com - (Reported 4/22/2011)

U.S. Team to Study Whether ‘Speculators’ Driving Up Pump Prices

Source: Bloomberg

The Obama administration is exploring whether rising oil and gasoline prices are being driven higher by illegal manipulation.

Representatives of the Justice Department, other federal agencies and state attorneys general will monitor for fraud, collusion or misrepresentation at the retail and wholesale level, the department said in a statement yesterday. The group also will examine the role of speculators and traders in oil futures markets. For full article, click here.

To view our exchange reports and articles on your PDA or mobile device, click here.

-----

About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants.
-----
Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2010. All rights reserved.