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US Trading, oil indus worry FTC rule would chill oil mkts

Posted on 13 November 2008

From Easybourse.com: The U.S. derivatives industry and oil companies are concerned that a new regulation aimed at petroleum market manipulation drafted by the Federal Trade Commission may chill energy commodities trading, forcing it overseas.

Under new powers given to the FTC by Congress, the agency has drafted a rule that would penalize market players up to $1 million a day for recklessness or fraud in the wholesale petroleum markets……. Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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