The Commodity Futures Trading Commission (CFTC) certainly suspects that oil speculators are behind the wild swings in oil prices. Bart Chilton, commissioner of the CFTC, says "it's not our job to set prices in government, but it is our job to make sure there is no fraud, abuse or manipulation." For the first time, the CFTC is considering setting limits on speculators in the oil futures markets with the hope of increasing transparency. Commodities traders, naturally, don't like the proposed regulations, with some analysts even calling it a "witch hunt," in this CBS News video.


Watch CBS Videos OnlineThe Commodity Futures Trading Commission (CFTC) certainly suspects that oil speculators are behind the wild swings in oil prices.