US future oil regulators has finally revealed new plans and rules on overseas oil tradings, specifically on trading limits. Would this be acceptable to oil exporters?
Lawmakers said the lack of limits on the ICE exchange created what they call the "London loophole" that allows oil traders to evade U.S.-style regulations.
Charles Vice, president and chief operating officer of the Atlanta-based IntercontinentalExchange Inc, said it is "highly unlikely" that ICE Futures Europe is the "primary driver" behind WTI prices.
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