Calls for "dark markets" reform growing

07/9/2009 | CNBC · CBS News

As the anniversary of last year's run-up in crude oil prices arrives, the Commodity Futures Trading Commissioni is considering setting limits on how much speculation is allowed in commodities markets such as oil. "I still think we have a lot of investment dollars flowing into dark markets," said Sen. Marcia Cantwell, D-Wash. "That is, oil being traded, energy futures being traded, on markets that aren't regulated." CNBC's Jim Cramer is among those who believes CFTC Chairman Gary Gensler is right to consider such limits and stop market abuses to protect consumers.

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