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December 3, 2008 12:52:06 PM CST


Commodity Futures Trading Commission

Commodity Futures Trading Commission news stories

4 Stories

Feds Think Bad Data May Feed Oil Spikes

Broad market probe focuses on price-fixing weak spots

(Newser) - Commodity regulators, worried that some companies are manipulating crude oil prices by reporting false numbers on supplies and sales, are conducting a wide-ranging probe focused on energy traders, the Wall Street Journal reports. Sources say a big worry is that firms are falsely reporting oil inventories to create the perception that oil is scarce and drive prices higher. More »

More about:  gas prices oil oil prices price fixing Commodity Futures Trading Commission

As Prices Soar, Congress Aims at Speculators

Out-of-control traders may be driving up oil, food costs, pols say

(Newser) - Congress is blaming rampant commodity speculation for rocketing gas and food prices, and berating regulators for letting it happen, the New York Times reports. Unless watchdog groups like the Commodities Futures Trading Commision crack down, Carl Levin says, "we don’t have a cop on the beat.." Joe Lieberman has even introduced a bill to ban institutional investors from commodity markets. More »

More about:  Congress oil price food prices commodities Carl Levin New York Mercantile Exchange speculation Joseph Lieberman speculators commodities exchange Commodity Futures Trading Commission

 Feds Hunt for Scams
 in Crude Oil Trading 

Speculators may be driving up crude by manipulation

(Newser) - Federal regulators are investigating whether rocketing oil prices are being driven up by speculators manipulating futures markets, reports the Wall Street Journal. The nationwide probe involves several separate investigations. Authorities suspect that a widely used price reporting system may be artificially influenced and that some oil storage facilities may be falsely reporting supplies. More »

More about:  gas prices oil price insider trading futures market New York Mercantile Exchange oil industry Commodity Futures Trading Commission jet fuel Financial Services Authority McGraw-Hill oil futures

US Farmers Want Feds' Help on Food Crisis

Skyrocketing prices bring speculators to grocery stores

(Newser) - US farmers asked for federal help yesterday in stemming a tide that has seen speculators hitting grocery stores and consumers hoarding basic foodstuffs, the Washington Times reports. "The public is all too aware of the recent credit crisis on Wall Street," a farmers-union rep said. "We don't want a lack of oversight and regulation to lead to a similar crisis in rural America." More »

More about:  food prices biofuel farmer food industry Commodity Futures Trading Commission

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