HedgeWorld – A group of U.S. senators has urged the Commodity Futures Trading Commission to quickly complete new rules on position limits in commodity markets to tamp down on speculation in products such as gasoline and home heating oil.
“The speculation rule has been held up over the last several years, which has allowed speculators to continue driving up the price or increasing the price volatility of these important commodities,” the lawmakers wrote to CFTC, the agency that regulates trade in U.S. derivatives markets.
