Sunday, June 9, 2013

Everything Is Rigged, Continued: European Commission Raids Oil Companies in Price-Fixing Probe

Not trivial:
According to numerous reports, the European Commission regulators yesterday raided the offices of oil companies in London, the Netherlands and Norway as part of an investigation into possible price-rigging in the oil markets. The targeted companies include BP, Shell and the Norweigan company Statoil. The Guardian explains that officials believe that oil companies colluded to manipulate pricing data

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