CFTC Suggests Imposing New Position Limits on Energy Speculation (USO, UNG)

The Commodity Futures Trading Commission has just proposed the imposition of new position limits on energy speculation, a move that could effectively dampen investments by large banks and swap dealers in the oil, nat-gas and heating oil markets.

Watch the US Oil Fund (NYSE: USO) or the US Natural Gas Fund (NYSE: UNG) on the news.

Stay tuned for further updates on the CFTC news.

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