That’s the claim by Masters Capital Management, which seems to bear at least a bit of merit.
Masters says speculators pumped $60 bil into oil futures the first five months of the year, then pulled $39 bil back out.
The report comes as both the House and Senate consider bills to put additional curbs on oil market speculation and the Commodities Futures Trading Commission is believed to be about ready to release a report on oil market speculation.
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