Wall Street Set for Oil Trading Caps That Could Have Been Worse

Traders are about to be hit with new U.S. rules they’ve long resisted: the first-ever federal restrictions on how much hedge funds and other firms can speculate on key commodities such as oil and metals.

Yet there is a silver lining in having the regulations finished while appointees of President Donald Trump are running government agencies. The measures are softer than what was put forth when Barack Obama was president or what might be on the table should Joe Biden capture the White House next month...