Regulator re-opens speculation debate

In his opening statement, Gary Gensler, chairman of the CFTC, said: "I believe we must seriously consider setting position limits," he added. The CFTC currently imposes federal position limits on some agriculture products, but such limits are set by exchanges in the energy market.

A CFTC report released in September 2008 found no link between rising crude oil prices and volumes flowing into commodity index trading during a $147 per barrel price spike in July of last year. However, the regulator

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