The US government wants to normalise oil price amid tension in Middle East
A group of US Senators plans to reign in speculative trading
to prevent oil price hikes amid the increasing turmoil in
If successful it would mean the Commodity Futures Trading
Commission (CFTC), which oversees the physical commodities
derivatives market, will have to use its powers to crack down
on excessive speculative trading despite criticism from
"I am getting tired of big oil companies and Wall Street
speculators using Iraq as an excuse to pump up oil and gas
prices," said Senator Bernie Sanders (Dem), a member of the
Senate energy committee.
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