Senators Call For Probe Into CFTC Oil Price Report

Law360, New York (August 15, 2008, 12:00 AM EDT) -- A group of U.S. lawmakers has called on the Inspector General of the Commodity Futures Exchange Commission to probe a report released by the regulator last month refuting claims that speculators were responsible for skyrocketing oil prices.

In a letter Thursday to Inspector General Roy Lavik, four Democratic senators questioned the role of the commission as chair of the interagency task force responsible for the July 22 interim report on the crude oil market that claimed the increase in prices between January 2003 and June 2008...
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