Energy: As oil ran up over the last two years, Congress and the media had a field day blaming speculators. But a new report shows they were unfairly scapegoated.The long-awaited report to Congress on speculation comes as the price of oil on global markets has fallen to nearly $100 a barrel — a drop of 32% since peaking at $147.27 on July 11. In its report, the Commodity Futures Trading Commission said this year's spike in crude futures appears to be due to "an appreciation of the value of existing investments caused by the rise in crude oil prices and...
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