Regulator mulls limits on commodities trading

Date: Tuesday, July 7, 2009

Regulator mulls limits on commodities trading

The Commodity Futures Trading Commission said Tuesday it plans to hold
hearings in July and August on whether it should apply position limits
to speculators in oil and other energy futures.

SPECULATION CURBS A VICTORY FOR THE MARKETS

For all of the hype surrounding the Obama administration's plan for
reforming the financial-services industry, it's a move by the
Commodities Futures Trading Commission -- potentially reining in
rampant speculation in energy futures --that could have the most
significant effect.

CRUDE FUTURES FALL SHARPLY, EXTEND DROP BELOW $63

Crude futures turn lower in volatile trading, extending their sharp decline
from the previous session, amid weak fundamentals in the energy market.
GOLD RISES FIRST DAY IN THREE AS DOLLAR FALLS

Gold futures rise, rebounding from their lowest level in two weeks.

TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS

Stocks making significant early moves in U.S. trading include Discover,
Greenbrier, GenCorp, MoneyGram and Steel Dynamics.