Obama Calls to Increase Margin Requirements for Crude Oil Investing
In a proposal unlikely to get past the Republican House of Representatives, Obama called for stricter regulation of crude oil futures markets, Rigzone reports. The president is also asking Congress to give authority to the CFTC (Commodities Futures Trading Commission) to raise margin requirements on traders who buy and sell oil future, in other words, such regulation would make the commodities market too expensive for the average investor.
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