COMMODITY REGULATIONS - The CFTC finally unveils its first draft for applying position limits to energy markets, amid growing expectations that they will start with a relatively light touch, which would be a relief to oil and gas traders who have been on tenterhooks since last summer. The devil will definitely be in the details here: will the limits apply to the front month, all months, or a varied combination thereof? Will it be on an absolute basis (as it is with grains) or a percentage of