Large investor’s speculations increasing oil prices

The lawmakers said that large investors are speculating over the price of crude and that has resulted in rise in crude oil prices. The crude prices nearly doubled in last few months. The U.S. Congress is planning to impose restrictions to control large investors like pension funds and investment bankers from driving oil prices.

The republican from Texas Representative Joe Barton suggested that increasing home production will be the best thing to reduce speculation and dominancy in the crude oil market.