The Commodity Futures Trading Commission (CFTC), which is based in Washington, DC, is reported to the review of business models potentially unusual on the oil futures market until the decision was made public Thursday.
A spokesman for the CFTC has refused to comment on.
Relocation of IEA to release 60 million barrels of oil led to an immediate liquidation Thursday, with oil fell $ 5. The price has dropped another $4 per barrel in London yesterday on concerns over the stability of the euro area and the economic health of the world.
Oil and other commodities also came under pressure increase in the dollar against the euro, driven by concerns that the Parliament of the Greece cannot pass of austerity measures which will publish an international bailout.
One of the effects of the release of stocks of emergency reserves was to reduce the gap between New York and London reference price oil futures.
Brent crude was much more expensive than West Texas Intermediate (WTI) for months, reaching a peak of $23 above the benchmark of U.S. this month. The difference is now about 15 dollars per barrel.
James Zhang, analyst of Standard Bank, said: "an increase in crude supplies of water origin of the United States is likely to see Brent/WTI spread narrow, and it is also likely to buffer refining margins."
"In Europe, an important part of the release of the reserve will be produced oil, given the way in which the oil reserves special is managed in Europe." As the oil product market is already fairly low in Europe, the release could lead product cracks even lower in the short term. »
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