Will the US put a tighter leash on oil speculation?

14-Jan-2010 could be an important date in the airline cost battle, with the US Commodity Futures Trading Commission (CFTC) proposing to implement speculative position limits for futures and option contracts in certain energy commodities. The current Commodity Exchange Act gives the CFTC the authority to "establish limits on positions to diminish, eliminate or prevent excessive speculation causing sudden or unreasonable fluctuations in the price of a commodity, or unwarranted changes in the price of a commodity".