Biloxi Sun Herald- The Senate voted Tuesday to move ahead with a Democratic plan to curb speculation in oil markets that has been blamed for some of the recent run-up in oil prices.
The 94-0 vote clears a procedural hurdle for the legislation, which would require the Commodity Futures Trading Commission to set limits on trading in oil markets by investors and speculators.
Despite the big tally, however, the rival parties are bitterly divided on how to address high gasoline prices and an underlying stalemate remains in place.
