With New Authority Granted in Financial Reform Bill, Commodities Regulator Will Propose New Rule on Speculative Position Limits

摘要

The Commodity Futures Trading Commission (CFTC) on 8/18/10 withdrew a notice of proposed rulemaking issued in January of this year to re-establish federal speculative position limits for futures and option contracts in four major energy commodities - Henry Hub natural gas, light sweet crude oil aka West Texas Intermediate (WTI), New York Harbor No. 2 heating oil, and New York Harbor gasoline blend stock (the Energy Proposal). CFTC administers speculative position limits for agricultural commodities, and there were position limits for energy markets, too, until 2001.