Report casts doubts on new commodity futures rules
By Gregory Meyer
Published: June 17 2010 11:53 | Last updated: June 17 2010 22:31
There is no evidence that passive investors affect commodities prices, according to a study published by the Organisation for Economic Co-operation and Development, casting fresh doubts on a pending crackdown on commodity futures investing in the US.
In a paper commissioned by the OECD that surfaced on Thursday, two US professors also found that the Wall Street banks that provide investors with exposure to commodity markets did not have an impact on prices.
The OECD said the paper will form “substantialâ€
