The Commodity Futures Trading Commission (CFTC) will ensure fair operations of futures markets for oil, agriculture, currencies and interest rates, said the agency’s Chairman, Gary Gensler, Bloomberg reports. In the first week of his appointment, Gensler asked the staff to find options and recommendations with respect to the physical commodities markets.

Senator Bernie Sanders introduced legislation that gives CFTC emergency authority to stop oil speculation. The agency is responsible for regulating $5 trillion in daily trading of futures contracts, including transactions for crude oil, foreign currency and agriculture products.

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