CFTC Pins Blame For Oil Spike On Speculators

08/27/2009 05:12 am ET | Updated May 25, 2011
  • By IANTHE JEANNE DUGAN and ALISTAIR MACDONALD Wall Street Journal

The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant role in driving wild swings in oil prices -- a reversal of an earlier CFTC position that augurs intensifying scrutiny on investors.

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