Are futures traders driving up prices ?

Question

Is it a kin to causing shortage by bulk forward buying, ie hoarding.

Answer 1

Between the hedge fund managers, oil producing companies, and the US government, yes.  And things have slowed down from the peak!

Answer 2

well frnd,

Its not only future traders who are driving the prices but there are other factors too. why are you looking atone side of the coin only? If future buyers are pushing the current price then the future sellers are also putting the same pressure.

The other factors which are responsible for price change are demand/supply, market news, govt. policies, world economy and other micro, macro factors.