Tag Archives: Commodity Exchanges

Blatant Distortion and Manipulation of Oil Prices Laid Bare

Friday was a red letter day for the oil producers. In the space of three hours, from 9:00 a.m. to noon, the price of West Texas Intermediate (WTI) crude oil as traded on the New York Mercantile Exchange leapt from $104.30/barrel to $106.94/bbl., finally closing the day at $106.42/bbl. A staggering range for a commodity…
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Your Price of Gasoline Is Going Up! How Sweet It Is!

As featured on The Huffington Post: Over the past weeks there has been a dramatic, near inexplicable┬árise in the price of crude oil with direct impact on what you are paying for gasoline. The price of oil has increased over 10 percent — that is over $10 per barrel. Considering U.S. consumption of near 20…
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Americans Pay at the Pump While Speculators Profit and Play

As featured on The Huffington Post: Incredibly, since the later part of June, the price of oil has spiked by $12 a barrel to close at $107/bbl yesterday, a jump of close to 15 percent over three weeks. The impact on the rise of gasoline prices is already being felt and will become more accentuated…
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