NYMEX crude oil futures due to factors that deviate from the fundamentals up 41 percent, the U.S. Commodity Futures Trading Commission (CFTC) or will be taken to crack down on crude oil and natural gas market speculation.
Media News July 8, the U.S. Commodity Futures Trading Commission said on the 7th, the Committee may approve of restrictions on energy futures contracts are held by the number of ways to crack down on crude oil and natural gas market speculators.
CFTC Chairman said Gary Gensler, the Commission will be 7 at the end of August and held hearings on the Government to impose restrictions on crude oil, natural gas and other energy market, speculative trading activities need to be discussed.
CFTC plans to hold hearings on the above-mentioned reason is that speculative activities on the crude oil price impact is increasingly caused by members of Congress and regulatory attention.
In the New York Mercantile Exchange (NYMEX) 2009 as at the transaction date, crude oil futures prices have risen 41 percent; while at the same time, demand for crude oil have been declining, while stocks have been on the rise.
Jul. 8, 2009
