White House seeks tools to fight ‘excessive’ oil speculation

The White House

The President, who is facing a tough re-election battle in which surging gasoline prices have become a major issue, called for Congress to release $52 million in funding for the US Commodity Futures Trading Commission (CFTC) to upgrade its technology and add personnel, whom he described as "cops on the beat" policing commodities markets. He also asked law makers to stiffen penalties for illegal market manipulation.

"We can't afford a situation where some speculators can reap millions, while mill

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: