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RE:Crude all time high of $138/bbl
by Prem Mohan on Jun 07, 2008 04:18 PM

There is a widespread feeling that forward trading is responsible for the price rise, but there is no evidence for this. In fact, the committee appointed by the Government of India found that there is no evidence that forward trading leads to price rise. Forward trading existed when crude oil was trading at US$25 a barrell.

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Where is the money going?