US goes for ‘light touch’ energy rules | FT Alphaville

US goes for ‘light touch’ energy rules

Long-awaited rules to limit speculation in energy markets revealed by US regulators on Thursday have fallen short of the crackdown feared by commodity traders. After months of debate on new regulations for commodity markets, the Commodity Futures Trading Commission proposed firm caps, or “position limits”, on the number of futures and options any trader can hold in US crude oil, gasoline, heating oil and natural gas. But bankers said the changes would allow most trading to continue unaffected.