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Commodities Briefing - Categorized | Oil, Price Watch more

EU anti-trust head warns of damage of oil-price fixing

Posted on 30 May 2013

Oil-price manipulation may have wrought “huge” damage to consumers, the EU’s anti-trust chief said yesterday as he drew comparisons with EU investigations into the rigging of bank rates.
While it is too soon to draw conclusions from the May 14 raids on Royal Dutch Shell, BP, Statoil ASA, and Platts, EU competition commissioner Joaquin Almunia said both sets of probes target price manipulation through a reporting system………………………………………..Full Article: Source


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