TITLE

NO EVIDENCE PRODUCERS ARE MANIPULATING PRICE, SAY REGULATORS

PUB. DATE
May 2006
SOURCE
ICIS Chemical Business;5/8/2006, Vol. 1 Issue 18, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the lack of evidence of price manipulation by producers in the crude oil and gasoline futures markets in the U.S. according to market regulators. The goal of the coordination between the Commodity Futures Trading Commission and the Federal Energy Regulatory Commission in monitoring and investigation is to enhance the price integrity of the markets. The supply-and-demand balance in oil can be attributed to the economic development in China and India. Several legislators called for a windfall profits tax on refiners.
ACCESSION #
20864478

 

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