A Short Note on Manipulation, Speculation and Crude Oil Prices

4 Pages Posted: 4 May 2012

See all articles by Rosa M. Abrantes-Metz

Rosa M. Abrantes-Metz

Global Economics Group, LLC; New York University - Leonard N. Stern School of Business - Department of Economics

Date Written: May 2, 2012

Abstract

Measures have recently been proposed to restrict trading in crude oil and gasoline. This proposal is based on the presumption that market speculators are artificially raising the prices of these products; in other words, that the market is being manipulated. In this short note I will review the difficulty in defining, identifying and proving manipulation, how speculation differs from manipulation, and briefly discuss recent empirical evidence on the role of speculators and market restrictions into commodities prices.

Keywords: Manipulation, Speculation, Oil Prices, Regulation

JEL Classification: G18, K20, K23

Suggested Citation

Abrantes-Metz, Rosa M., A Short Note on Manipulation, Speculation and Crude Oil Prices (May 2, 2012). Available at SSRN: https://ssrn.com/abstract=2050577 or http://dx.doi.org/10.2139/ssrn.2050577

Rosa M. Abrantes-Metz (Contact Author)

Global Economics Group, LLC ( email )

22 Cortlandt Street
Suite 1600
New York, NY 10007
United States
(917) 499-4944 (Phone)

HOME PAGE: http://www.globaleconomicsgroup.com

New York University - Leonard N. Stern School of Business - Department of Economics ( email )

269 Mercer Street
New York, NY 10003
United States

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