CFTC's Position Limits Could Put Energy Cos. In Costly Bind

Law360, New York (November 6, 2013, 8:01 PM EST) -- The U.S. Commodity Futures Trading Commission is moving ahead with rules setting position limits for energy and other commodity derivatives, but experts caution that the agency's narrow view of acceptable hedging could make it tougher for energy companies to guard against price swings and drive up costs that will be passed on to consumers.

In a 3-1 vote on Tuesday, the CFTC approved the proposal of limits on speculative positions in 28 physical commodity futures, as well as swaps that are "economically equivalent" to those contracts....
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