The Car and Truck Fleet and Leasing Management Magazine

Study Blames Earlier Oil Market Price Swings on Speculators

September 22, 2008

WASHINGTON, D.C. --- An independent study of oil markets concludes that speculation by large investors -- not supply and demand -- was a primary reason for the surge in oil prices during the first half of this year and for the subsequent price declines, the Associated Press reported.

Conducted by Masters Capital Management, the study concluded that investors poured $60 billion into oil futures markets during the first five months of the year as oil prices soared from $95 a barrel in January to $145 a barrel by July.

Michael Masters of Masters Capital Management said: "We have clear evidence the fund flow pushed prices up and the fund flow pushed prices down." He called the amount of money moving into oil futures markets by large institutional investors in the early part of the year "way off the scale."

Further, Masters said, the study showed that investors "began a massive stampede for the exits" July 15, sparking a price decline.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

George Frink joined General Motors in 1966 to help the automaker boost its corporate fleet activity through the GM Fleet Section.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher