Stop Oil Speculation:
Sen. Bernie Sanders and more than 60 other members of Congress say federal regulators should curb speculation in crude oil markets which has artificially pushed up gasoline prices to nearly $4 a gallon. The lawmakers - 23 senators and 45 members of the House - said Monday in a letter to the Commodity Futures Trading Commission that the regulators must stop Wall Street futures traders from dominating the oil market. The commission has flouted a provision in the 2010 Wall Street reform law that required regulators to put tough new trading limits in place by Jan. 17, 2011. "We are disappointed that, more than a year later, the commission has not fulfilled this important regulatory duty," the letter said.
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