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<Commodity>CME, Other Exchange Oppose US Govt Intervention in Oil Futures Mkt
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The Chicago Mercantile Exchange (CME), and TMX Group, the parent company of the Toronto Stock Exchange, oppose any potential intervention by the US government in the oil futures market in response to spiking energy prices following the Iran conflict, Reuters reported. John McKenzie, CEO of TMX Group, remarked that government intervention in markets generally leads to unintended consequences, where attempts to solve one problem may create another. He believed that the market will resolve issues on its own. AASTOCKS Financial News |
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