Insiders say the large oil trader recently reclassified as a speculator by the Commodity Futures Trading Commission was Vitol Group, a large commodity trader based in Europe. Vitol says the CFTC has not notified the company of any change in status, and a statement issued in May said Vitol "is not in the business of taking large positions speculating on the rise or fall of market prices." If Vitol is classified as a speculator rather than a commercial trader, the company could find it harder to make large trades.

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