Tuesday, July 07, 2009

Regulators aim to curb speculators' influence on oil prices | McClatchy

Regulators aim to curb speculators' influence on oil prices | McClatchy: "Since oil prices hit their all-time record of $147 a barrel a year ago, there's been growing pressure on regulators to curb excessive speculation in energy trading, and commodities markets more generally. The issue resurfaced in recent months as oil prices climbed from $40 to $70 with little obvious change in oil consumption patterns."

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