CFTC steps up speculator scrutiny

On July 7, the US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler announced a series of public hearings scheduled for July and August to discuss the need for federal position limits on trading in all commodities with finite supply, particularly energy products.

The agency already sets position limits for certain agriculture products, but limits on energy trading are currently set voluntarily by futures exchanges. The regulator said it would also look more closely at the role of

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