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CFTC Considers Blocking CME’s 24/7 Oil Contract Bid (opens original article in a new tab)

TL;DR

The US Commodity Futures Trading Commission is considering blocking CME Group Inc.'s bid to launch 24/7 oil contracts, citing concerns about increased volatility during geopolitical tensions.

  • CFTC is considering blocking CME's 24/7 oil contract
  • CME plans to launch 24-hour crude and gold futures trading
  • CFTC official expressed concerns about volatility during geopolitical stress
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