This article analyzes the CFTC's Disaggregated Commitments of Traders (DCOT) Report to get more insights into the behavior of different traders during the 2008 oil bubble. The analysis shows that: (1) the Money Manager category perfectly played the oil bubble, got in early and started selling...

Purpose – The purpose of this paper is to explain the theory of speculation to corporate executives. It is important that corporate hedgers understand how bubbles develop to effectively adjust their corporate hedging strategies. Since excess speculation is always the primary cause of all...