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U.S. sues big oil traders for 2008 manipulation

Daily newsbrief journal for May 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats
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U.S. sues big oil traders for 2008 manipulation

Postby admin » Tue May 24, 2011 5:00 pm

U.S. sues big oil traders for 2008 manipulation
NEW YORK/WASHINGTON (Reuters) - Regulators launched one of the biggest ever crackdowns on oil price manipulation on Tuesday, suing two well-known traders and two trading firms owned by Norwegian billionaire John Fredriksen for allegedly making $50 million by squeezing markets in 2008.
http://feeds.reuters.com/~r/Reuters/Pol ... 0S20110525
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