Goldman Sachs Defends Oil Speculators.

From Bloomberg.

Goldman claims that any attempts to curb speculation may be “disruptive” to markets.

Oil Prices Decline as Recovery Hopes Dim.

A nice oil news summary from...the NYTimes.

Oil, Gas Speculators May Face More Scrutiny/Restrictions.

The Commodity Futures Trading Commission will hold hearings this month.


Economist Paul Krugman speculates on oil speculation;

http://krugman.blogs.nytimes.com/2009/07/08/oil-speculation/