CFTC Limits Oil Speculation, Responding to Senators' Call

The Commodity Futures Trading Commission (CFTC) today announced it would limit the trading of oil futures after a bipartisan group of senators called for such a measure earlier this month.


Democratic and Republican senators had alleged that futures speculation has helped to drive up the price of oil.


Sen. Dianne Feinstein (D-Calif.), one of the senators who led the call, lauded the decision today in a press release.


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