It is commonly asserted that speculative buying by index funds in commodity futures andover–the–counter derivatives … markets created a ‘‘bubble’’ in commodity prices, with the resultthat prices, and crude oil prices, in particular, far … situation in commoditymarkets are inconsistent with the existence of a substantial bubble in commodity prices.Third, available …

It is commonly asserted that speculative buying by index funds in commodity futures and overâ …€“the–counter derivatives markets created a ‘‘bubble’’ in commodity prices, with the result that prices, and crude oil prices, in … conceptually flawed and reflect fundamental and basic misunderstandings of how commodity futures markets actually work. Second, a …

The market is a place where people behave quite relentlessly. If one person is selling a particular commodity at a … higher price than others, no one will buy that commodity from him, however virtuous or merciful he is known to be. Of course … an exceptional one. Thus, the assumption that the market is a relentless place is acceptable as a first approximation ot …