Tag Archives: rival-bidders


Settlement reached in natural gas trading case

November 26, 2008 : Permalink

Globe and Mail – Amaranth Advisors LLC and two of its former traders have reached a settlement with U.S. regulatory staff over the alleged manipulation of natural gas futures prices. The deal, which was submitted to the U.S. Federal Energy […]

Gold Prices Decline After US Funds Banks With $250 Billion

October 15, 2008 : Permalink

Bloomberg – Gold fell for the fourth straight session after the U.S. agreed to spend $250 billion to rescue ailing banks. Silver climbed. Stocks in Europe and Asia rose for a second day after Treasury Secretary Henry Paulson announced plans […]

Platinum, palladium rise alongside gold

September 1, 2008 : Permalink

BusinessWeek – Platinum and palladium prices rose Thursday alongside gold prices, though the gains were dampened somewhat by falling oil prices and a stronger dollar. Precious metals are often bought to hedge against a weakening dollar. Platinum futures for October […]

Oil speculators held great sway over prices, data suggest

August 21, 2008 : Permalink

Los Angeles Times – Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission examined Vitol’s books […]

Hedge Funds Cut Oil Bets as Prices Rose, CFTC Probed

June 2, 2008 : Permalink

Bloomberg- Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures rose to records and U.S. regulators started investigating trading, government data show. So-called speculative net long positions fell to 25,867 contracts […]