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 FeinsteinDianne FeinsteinOvernight Tech: Pressure builds ahead of TV box vote | Intel Dems warn about Russian election hacks | Spending bill doesn't include internet measure Intel Dems: Russia making 'serious effort' to influence US election GOP senators: Obama rebuffed negotiations on 9/11 bill MORE (D-Calif.), one of the senators who led the call, lauded the decision today in a press release.


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