Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

OIL PRICES

CFTC Plans Hearings On Speculative Limits For Energy Trading

Chairman of the US Commodity Futures Trading Commission (CFTC) Gary Gensler announced on 7 July that the agency would conduct a series of public hearings during July and August to determine how it should ensure the fair, open and efficient functioning of futures markets. In a statement Mr Gensler said the agencys first hearing would focus on whether federal speculative...