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President Obama is proposing legislation to curb manipulation of oil markets that can drive up the price of gasoline.
Obama wants to boost funding for the Commodity Futures Trading Commission to do more surveillance of the oil futures market and wants to increase the penalties for illegal market manipulation, including raising the maximum fine to $10 million from $1 million for violations.
Republicans want to cut funding for the CFTC ...
http://www.latimes.com/business/money/la-fi-mo-obama-oil-markets-20120417,0,3211330.story
Obama wants to boost funding for the Commodity Futures Trading Commission to do more surveillance of the oil futures market and wants to increase the penalties for illegal market manipulation, including raising the maximum fine to $10 million from $1 million for violations.
Republicans want to cut funding for the CFTC ...

http://www.latimes.com/business/money/la-fi-mo-obama-oil-markets-20120417,0,3211330.story