Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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sharky

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New rules for oil price?

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BKM8572

posted on Jan 14, 2010 01:43PM

U.S. lays out plan to curb energy speculation

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Alert Email Print Share By Nick Godt NEW YORK (MarketWatch) -- The U.S. Commodity Futures Trading Commission on Thursday disclosed a proposal to curb speculation in energy trading that would set position limits on futures and options contracts. It would also establish a uniform process for the commission to grant swap dealers limited risk-management exemptions for certain swap transactions, the CFTC said. The proposal follows widespread criticism that speculation had driven crude oil prices to surge to record levels in 2008.

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