New Regulations Could Favor Oil Speculators

The Commodity Futures Trading Commission is preparing to release new oil speculation rules that would limit the number of positions hedge funds and other speculators can open on oil and other commodities, Bloomberg has reported, citing unnamed sources in the know. However, the new rules could end up benefiting traders, according to the Bloomberg sources, as they would include higher maximum thresholds for commodity bets for some commodity contracts that are physically settled. The reason, the source said, was that the CFTC has based the new rules…