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US CFTC should reopen abridged Trump-era assessment of WTI crude-oil futures collapse, Commissioner Berkovitz says

By Neil Roland ( March 16, 2021, 20:57 GMT | Insight) -- The US Commodity Futures Trading Commission should probe the reasons behind the collapse of West Texas Intermediate crude-oil futures last year so that “meaningful speculative position limits” can be imposed by the agency and contract markets, Democratic Commissioner Dan Berkovitz said. A Trump-era CFTC assessment was done that stopped short of looking into reasons for the unprecedented April 2020 plunge to negative prices of the global benchmark for energy and financial markets.The US Commodity Futures Trading Commission should probe the reasons behind the collapse of West Texas Intermediate crude-oil futures last year so that “meaningful speculative position limits” can be imposed by the agency and contract markets, Democratic Commissioner Dan Berkovitz said....

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