CFTC PROPOSES NEW POSITION LIMITS
News Date January 19, 2010
To avoid the adverse consequences from excessive speculation, the Commodity Futures Trading Commission (CFTC) has proposed setting position limits for futures and option contracts in the major energy markets. Similar to position limits the CFTC currently sets for certain agriculture markets, these new limits would cover Henry Hub natural gas, light sweet crude oil (such as West Texas Intermediate of WTI), New York Harbor No. 2 heating oil, and New York Harbor gasoline blendstock. The CFTC has since commenced a 90-day comment period. For more information on the proposed position limits, please visit the CFTC website. (Contact: David Hickey)