Oil volatility sparks debate on big commodities bets
By Gregory Meyer
May 17, 2020, Financial Times
The U.S. commodities market regulator is poised to relax curbs on speculators, just weeks after sales by the largest oil-linked exchange-traded fund helped drive crude prices off a cliff.
A new rule proposed by the Commodity Futures Trading Commission would double position limits for investors in commodities including oil, natural gas, gold, corn, and soyabeans. In addition, the Washington, DC-based agency would set limits on energy and metals contracts only during the final three days before they expire — abandoning an earlier effort to cap holdings in any contract, whether for delivery next month or next year.
