WTF, when does outright speculative trading being done by Morgan Stanley (I dont have the exact data in front, but my understanding is they have moved large amounts into Oil commodities recently) while they make public statements like this today cross the line? (Full well knowing that such statements influence market trading)
Also contributing to the surge: Morgan Stanley (MS, Fortune 500) analyst Ole Slorer released a report saying that he expected a "short-term spike in oil prices," as high as $150 a barrel by July 4.
To me that is a clear violation in market influence.
And you know who the biggest losers are? The average consumers around the world. Oil will never be cheap again (for a host of other fundamental supply / demand reasons), but he recent super spike is a joke on free economic trade principles given this circus that continues in commodities trading. http://money.cnn.com/news/newsfeeds/articles/djf500/200806051748DOWJONESDJONLINE000875_FORTUNE5.htm