Prices pose challenge for CFTC

The formation of the CFTC's new energy markets advisory committee (EMAC) has proven to be timely. David Watkins reports

With West Texas Intermediate (WTI) crude oil and Henry Hub natural gas prices continuing their upward charge in May, the formation of the Commodity Futures Trading Commission's energy markets advisory committee (EMAC) comes as the CFTC is under pressure to review the role of speculators in surging prices.

EMAC is inteneded to be a public forum for representatives to discuss issues affecting the energy markets, and the role the CFTC plays in these markets under the Commodity Exchange Act. The

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