Report blames speculators for oil-price spike

09/10/2008 | Wall Street Journal, The

Hedge-fund manager Michael Masters is expected to release a report this week blaming commodities speculators for this year's unprecedented rise in the price of oil. New data from the Commodity Futures Trading Commission, compelled from Wall Street dealers, will reveal more details on how futures are marketed to institutional investors, who, according to Masters, now hold $220 billion in commodities, up from the $13 billion they held five years ago.

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