{"id":9744,"date":"2009-01-28T00:00:00","date_gmt":"2009-01-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"opec-calls-for-curbing-speculators-blames-hedge-funds-for-rout","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/opec-calls-for-curbing-speculators-blames-hedge-funds-for-rout.html","title":{"rendered":"OPEC Calls for Curbing Speculators, Blames Hedge Funds for Rout"},"content":{"rendered":"<p>Bloomberg &#8211; OPEC wants U.S. regulators to curtail oil trading by hedge funds and speculators who helped make last year the most volatile in crude oil trading. <\/p>\n<p>Abdalla el-Badri, secretary-general of the Organization of Petroleum Exporting Countries, is seeking rules to &ldquo;limit the level of speculation&rdquo; by investors who buy oil without planning to use it. Oil surged 46 percent in the first half of 2008 to a record $147.27 only to plunge by the end of the year, prompting OPEC to make its biggest ever supply cuts. <\/p>\n<p>&ldquo;OPEC has repeatedly called for the need to reduce the role of excessive speculative activity in the market,&rdquo; el-Badri, who will attend this week&rsquo;s World Economic Forum in Davos, Switzerland, said in an e-mailed response to questions. &ldquo;Today, it is impossible to know who is actually buying and selling oil futures.&rdquo; <\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601013&#038;sid=aVRKbFhcfdKM\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; OPEC wants U.S. regulators to curtail oil trading by hedge funds and speculators who helped make last year the most volatile in crude oil trading. Abdalla el-Badri, secretary-general of the Organization of Petroleum Exporting Countries, is seeking rules [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6577,64,6574,6575,4504,2701,2147,6578,6579,45,6580,4742,4477,6576],"class_list":["post-9744","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-badri","tag-bloomberg","tag-crude-oil-trading","tag-davos-switzerland","tag-investors","tag-oil-futures","tag-opec","tag-organization-of-petroleum-exporting-countries","tag-petroleum-exporting-countries","tag-regulators","tag-secretary-general","tag-speculation","tag-speculators","tag-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9744"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9744\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}