Samuel Cashiola

Institutional Speculators Disrupt Futures Markets: The Evidence Mounts

Because the institutional speculators are not buying irrationally (just to throw money away), absolutely not. They aren't going long oil at certain price (say $147) for no reason. They obviously feel (if long) that the trading price of oil is too low. Why should anyone be able to stop them from feeling that way (and acting on it)? In a free market, no one can. Free markets are very black and white. Either it's free or it's not.