>But this means talking heads are reporting on $110 oil when it's really $150.

It's pretty normal that futures differ from spot prices.

>In previous years, some or all of these people would get investigated and prosecuted by the SEC for insider trading.

But are there proofs that there is insider trading on oil futures and we know CTFC isn't investigating it?

Come to think of it, what insider trading in oil even is…? Oil isn’t a company and doesn’t have any capacity for material non-public information. The biggest players are all insiders on this market anyway. Why should Barron be prosecuted and Trafigura not…?