E&ENews PM headlines —

SPOTLIGHT

1. ENERGY MARKETS:

CFTC approves new speculation curbs; commissioner announces departure

Federal regulators today took a second swipe at preventing any single trader from obtaining too large of a share in oil, gold and other commodity futures markets. The Commodity Futures Trading Commission voted 3-1 to advance a proposal that would set position limits on speculation in 28 energy, agriculture and metals commodity markets. A federal court last fall vacated the commission's first attempt at the rule, a key part of the 2010 financial reform package.

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