The US Commodities Futures Trading Commission last week proposed to set position limits for futures and option contracts in the major energy markets in a move hailed by the Air Transport Assn. According to CFTC, the Notice of Proposed Rulemaking is intended "to prevent excessive concentration in these markets, consistent with CFTC's statutory framework to prevent or diminish excessive speculation that may be a burden on interstate commerce." Airlines and other energy-dependent industries ...

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