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EU To Propose Commodities Position Limits

The European Union is said to be considering position limits on European commodities traders as French lawmakers press the EU to curb speculation that has been responsible for higher prices in oil and agriculture prices, reports Reuters.

The European Union is said to be considering position limits on European commodities traders as French lawmakers press the EU to curb speculation that has been responsible for higher prices in oil and agriculture prices. Sources said a draft EU proposal due Saturday will call for greater transparency in commodities and derivatives markets.

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