CFTC says has not placed blame on speculators

WASHINGTON, July 28 (Reuters) - Reports that the Commodity Futures Trading Commission will blame the spike in in oil prices in 2008 on speculators are "premature" and "inaccurate," CFTC head Gary Gensler said on Tuesday.

Last year as oil prices reached record levels above $147 a barrel, the CFTC had said supply and demand fundamentals were behind the price rise.

(Editing by David Gregorio)