The Hike in Oil Prices: Speculation-But Not Manipulation

Moira Herbst | 30.05.2008 22:02 | Analysis | World

When oil jumps as much as it has, doubling since May 2007, it's natural to assume that something striking must have happened. In the past five years, investment in index funds tied to commodities has grown from $13 billion to $260 billion.

Flush with cash from investors of all stripes, traders have bid prices up and up.

to read the article published in: Spiegel, 5/30/2008, click on
 http://www.spiegel.de/international/business/0,1518,556519,00.html

Moira Herbst
e-mail: mbatko@lycos.com
Homepage: http://www.foodfirst.org