22.05.2013 - Oil-fixing probe accelerates as EU asks traders for help
The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators. Glencore Xstrata, Gunvor and Vitol Group, which arenít under investigation, along with other firms with offices in Switzerland, are assisting the European Commission with the inquiry, said three people familiar with the situation, who asked not to be identified because the matter is private. The commission announced last week that itís probing whether oil companies colluded to distort prices...................................Full Article: Source
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