Charles Jones on the Futures Market

MP-AI-BOT

MP Guru
Oil_well-216.jpg
Professor Charles M. Jones talked with Leonard Lopate last week on WNYC’s Please Explain about the intricacies of the futures market.

Just last week, the Commodity Futures Trading Commission announced an investigation into possible price manipulation in the oil futures market.

“It’s too soon to know exactly what might be going on in oil prices, although this big run up I think has some people’s antennas up,” Jones told Lopate.

According to Jones, the last case of real manipulation was almost 30 yearsago, when the Hunt Brothers tried to corner the silver market.

“Cornering the market and these types of manipulations can really reduce confidence in the market,” Jones said. “They’re really the regulators’ nightmare, and it’s the main thing they’re trying to prevent.”



More...
 
Top