U.S., Britain agree on energy futures transparency

By Lauren Rees
Rising global crude oil prices have prompted the U.S. Commodity Futures Trading Commission (CFTC) to look at ways to increase transparency in the energy futures markets, specifically through an agreement between the UK’s Financial Services Authority (FSA), an independent financial services regulatory body, and ICE Futures Europe, which is responsible for up to 30 percent of trading in the West Texas Intermediate (WTI) crude oil futures.


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