Group voices support for position limits

04/6/2011 | Risk.net (subscription required)

The Commodity Futures Trading Commission has received nearly 6,000 e-mails from supporters of the group Stop Oil Speculation Now that back position limits. The letters argue that speculation by energy traders is causing commodity prices to surge. The CFTC will review the comments before voting on a final rule. At a recent FIA conference, CFTC Chairman Gary Gensler indicated that further development on the issue is not expected for a few months.

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