Manish Agarwal

Oil Price Rise: Demand - Supply - Speculation

I am not against commodity market and the way analyst who has never seen crude in their life operates in future market. I am against the faulty mechanism of commodity market where trades can be done without having inventory in reality. There are no price check mechanism present where we can stop the trade for few hours if prices are rising above certain limit as it is in stocks which we call as circuit filter. Sufficient inventory should be there in exchange so trade can be settled by delivery and see how the stupidity of speculation will end in near term.