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Tuesday, July 7, 2009

BLOOMBERG REPORTS

U.S. regulators say they may clamp down on oil and gas

price speculators by limiting the holdings of energy futures

traders, including index and exchange-traded funds.

The Commodity Futures Trading Commission will hold hearings to

explore the need for government-imposed restrictions on

speculative trading in oil, gas and other energy markets,

Chairman Gary Gensler said today in a statement. The agency

didn’t say when the hearings would start or who would be

asked to speak.

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