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Page last updated at 09:59 GMT, Friday, 11 July 2008 10:59 UK

Can oil speculators be regulated?

Who is to blame for the surging price of oil? Many in the United States think that speculators are driving up commodity prices leading legislators are now looking at ways to control them. Congress is holding a series of hearings this week to examine ways of curbing the excesses of the futures market. From New York, North America business correspondent Greg Wood reports.

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