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-----Original Message-----
From: dunia ini indah <pusatdu...@yahoo.com>

Date: Thu, 6 Aug 2009 14:02:31 
To: <obrolan-bandar@yahoogroups.com>
Subject: [ob] TOP NEWS: FTC To Issue New Oil Market Manipulation Rules Later
 Thursday


  
 
 
 

 
 TOP NEWS: FTC To Issue New Oil Market Manipulation Rules Later Thursday
 
 DOW JONES NEWSWIRES 
 August 06, 2009 09:56 ET (13:56 GMT)
 
 WASHINGTON (Dow Jones)--The U.S. Federal Trade Commission will later Thursday 
publish new petroleum market manipulation rules, people close to the matter 
said. 
 
 Under the proposed rules issued in April, the FTC said violators could face 
civil fines up to $1 million a day per violation. 
 
 The rules - which cover the crude, gasoline or petroleum distillates wholesale 
markets - follow Congressional concern over the record spike in oil prices last 
year and subsequent fall. 
 
 As oil prices surged to nearly $150 a barrel in July 2008, many lawmakers, 
believing that existing oversight was too weak and laxly regulated, put 
pressure on the FTC to promulgate the anti-manipulation regulation. 
 
 Lawmakers are concerned that excessive speculation - and possible manipulation 
- in the oil markets helped drive prices to record levels, and they are seeking 
ways to enforce tougher market oversight. 
 
 The action has prompted a turf battle with the Commodities Futures Trading 
Commission, which watches the derivatives markets, as the new rules could 
potentially give the FTC power to move into the futures markets if they are 
affecting the physical markets. 
 
 Click here to go to Dow Jones NewsPlus, a web front page of today's most 
important business and market news, analysis and commentary: 
http://www.djnewspl 
<http://www.djnewsplus.com/access/al?rnd=lwy%2FldcGHKHpqaunEKCa2g%3D%3D.> 
us.com/access/al?rnd=lwy%2FldcGHKHpqaunEKCa2g%3D%3D. You can use this link on 
the day this article is published and the following day. 
 
 (END) Dow Jones Newswires
 
 August 06, 2009 09:56 ET (13:56 GMT)
 
  



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