Oil's tense trading scene may sway a move to Dubai

SAN FRANCISCO (MarketWatch) -- The Dubai Gold & Commodities Exchange will launch trading of crude-oil futures on Tuesday, a timely move given the astronomical prices for oil and talk of U.S. regulation of speculators in the commodity markets.

Prices for crude peaked above $135 a barrel Thursday in electronic trading on the Chicago Mercantile Exchange Globex platform. See Futures Movers. Record prices over the past several months have raised questions over manipulation of the market.

A U.S. Senate panel listened to testimony on May 20 that said financial speculation by institutional investors and hedge funds in the commodity markets are contributing to energy and food inflation. See full story.

"The regulatory environment is becoming so undesirable to foreign and domestic funds that they have no choice but to go offshore," said Kevin Kerr, president of Kerr Trading International and editor of MarketWatch's Global Resources Trader.

ianadds wrote:Hedge funds are relocating to Dubai, Hong Kong, Singapore and Shanghai..headquarters for NWO..
Oil's tense trading scene may sway a move to Dubai
Futures launch may help traders escape from U.S. regulators' watchful eye
http://www.marketwatch.com/story/oils-tense-trading-scene-may-sway-a-move-to-dubai