President Obama said he's asked Attorney General Eric Holder to reconstitute a task force examining whether speculation in oil markets is artificially driving up oil and gasoline prices.
He said it was one of his short term steps his administration was looking at, along with reductions in oil supply around the world, naming Sudan as a market where oil was taken offline.
"We're going to look at a whole range of measures," Obama told reporters at a press conference Tuesday.
Key Democrats on Capitol Hill on Monday also urged the Commodity Futures Trading Commission to curb excessive oil speculation by immediately enacting limits on trading in oil futures.
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