Funds warn against stifling trade

Political pressure on US commodity market regulators to stem this year's rise in oil prices has yielded another piece of proposed tougher regulation but, as with previous proposals, it is debatable if it will have the desired effect on prices.In mid-August, the US consumer advocacy organisation, the Federal Trade Commission (FTC), suggested bringing in a rule by which it would be able to fine any company trying to manipulate the wholesale oil and petroleum derivatives market by up to $1 mill

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