Financial Times FT.com

The Short View: Commodity speculation

By John Authers, Investment Editor

Published: May 20 2008 19:54 | Last updated: May 20 2008 19:54

In 1980, the Hunt brothers cornered the silver market, causing an epic price spike and then a bust. Crude oil is close to $130 a barrel. Is something similar at work?

The US Congress suspects as much and held a hearing on market manipulation in Washington on Tuesday.

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