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CFTC officials critical of report on oil collapse

Commodity Futures Trading Commission members Dan Berkovitz and Rostin Behnam say the agency's report on the collapse of crude oil futures in March fails to answer many important questions. "The issuance of an incomplete preliminary Report is a disservice to the public, market participants, and small and large businesses that depend on a reliable crude oil futures benchmark for contract pricing, risk mitigation, and price discovery," Berkovitz said.

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