WikiLeaks: Saudis often warned U.S. about oil speculators

What role Wall Street investors play in the high cost of oil is a hotly debated topic in Washington. The Obama administration, the Bush administration before it and Congress have been slow to take steps to rein in speculators. The Saudis, however, have struck a steady theme for years that something should be done to curb the influence of banks and hedge funds that are speculating on the price of oil, according to diplomatic cables made available to McClatchy by the WikiLeaks website. » read more