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Reuters reports that Democratic Jeff Bingaman questioned the Commodity Futures Trading Commission over the issue of oil price volatility.
Reuters reports that Democratic Jeff Bingaman questioned the Commodity Futures Trading Commission over the issue of oil price volatility.
The market news is quoted as saying:
President Barack Obama has blamed speculators for driving gasoline prices higher, saying there was enough oil in world markets to meet demand. The administration created a working group of federal agencies to probe potential fraud in the energy markets. Several lawmakers have pushed the CFTC to act.
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