Interagency Task Force on Commodity Markets Releases Interim Report on Crude Oil
Source: Interagency Task Force on Commodity Markets/Commodity Futures Trading Commission

Today, the Interagency Task Force on Commodity Markets (Task Force or ITF), chaired by the Commodity Futures Trading Commission (CFTC), released a staff report offering a preliminary assessment of fundamental and market factors affecting the crude oil market. The ITF’s Interim Report on Crude Oil studied fundamental supply and demand factors and the roles of various market participants, and it found that fundamental supply and demand factors provide the best explanation for the recent crude oil price increases.

The CFTC formed the Task Force in June 2008 to evaluate developments in commodity markets, in particular investor practices and fundamental supply and demand factors. The Task Force is composed of staff members from the Departments of Agriculture, Energy and the Treasury, the Board of Governors of the Federal Reserve, the Federal Trade Commission, and the Securities and Exchange Commission. Given the importance and timeliness of their research efforts in the crude oil market, the ITF is issuing an interim staff report limited to the crude oil market.

+ Full Report (PDF; 779 KB)

This entry was posted on Wednesday, July 23rd, 2008 at 9:34 am and is filed under Business and economics, Energy, Government and politics. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.