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Saudis Say Speculation, Not Supply, Pushed Oil Higher
A confidential State Department cable cites Saudi Oil Minister Ali al Naimi saying speculation, not shortages, largely drove oil prices to record highs in 2008. Cables show Saudi concerns about price swings and demand, plus calls for transparency and position limits to curb speculative trading.
MENTIONED IN THIS ARTICLE
Washington
Saudi Arabia
Wall Street
Ali al- Naimi
U.S
Ford Fraker
State Department
al-Naimi
Obama
Bush
Congress
Commodity Futures Trading Commission
Commission
McClatchy
WikiLeaks
George W. Bush
United States
Cials
Majid al-Moneef
OPEC
Alan Grayson
D-Fla
al- Moneef
al-Moneef
CFTC
Riyadh
Prince Abdulazziz bin Salman bin Abdulaziz al-Saud
Prince Abdulazziz
Aramco
Yasser Mufti
Mufti
Sadad al- Husseini
al-Husseini
Air Transport Association
David Berg
King Abdullah
Ali al-Naimi
Jiddah