Dutch Firm Said to Manipulate Oil Market - by Diana B. Henriques
Commodity regulators in Washington have accused a Dutch trading company of making roughly $1 million in illegal profits by manipulating the prices of crude oil, heating oil and gasoline over an 11-day period last year.In audiotapes uncovered in their investigation, regulators said one defendant described the scheme as an effort to “bully the market” by making a large number of trades at or near the end of the trading day to move closing prices.
No comments:
Post a Comment