Companies / United States
FTC Publishes Market Manipulation Rule
August 2008 | Industry NewsThe US Federal Trade Commission (FTC) has issued notice of a new rule designed to combat manipulation in the oil market. With crude prices having breached US$147 per barrel (bbl) in early July 2008 and US gasoline prices exceeding US$4 per gallon, pressure has been mounting from US lawmakers for federal agencies to address what many see as excessive speculation in crude futures markets.
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