Commodity Futures Trading Commission

U.S. regulator blasts own agency’s report on unprecedented oil price plunge

November 24, 2020

Reuters One of the commissioners of the U.S. Commodity Futures Trading Commission on Tuesday criticized as “incomplete and inadequate” the federal agency’s report on April’s plunge in oil futures deep into negative territory. Dan Berkovitz, a Democrat who holds one of the U.S. derivatives regulator’s five commission seats, said the report, issued Monday, “does not provide the public with an

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources

March 26, 2020

Reuters WASHINGTON/NEW YORK – U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank’s derivatives exposure above a key regulatory threshold, according to two sources with knowledge of the matter. On Friday, the CFTC said it would temporarily exempt a U.S. bank from a requirement to register

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

August 12, 2019

From Reuters Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war. International benchmark Brent crude settled at $58.57 a barrel, up 4 cents. West Texas Intermediate (WTI) futures settled at $54.93, up 43 cents. Investors were

Commodity Futures Trading Commission

U.S. regulator blasts own agency’s report on unprecedented oil price plunge

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

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