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Page added on June 19, 2009

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Obama still concerned about oil speculation

President Barack Obama remains concerned about speculation in the oil markets even though he has not proposed concrete steps to rein it in, White House spokesman Robert Gibbs said on Thursday.
Asked why Obama’s regulatory reforms this week did not include changes to deal with speculation in oil markets, Gibbs said, “I don’t think the president’s concern has changed” but the proposals this week were focused on stabilizing financial markets.
Guardian



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