Sen. Wants US To Join UK, EU In Oil Price-Fixing Probes

Law360, New York (May 17, 2013, 1:43 PM EDT) -- Official concern over the European Commission's surprise inspections of several oil companies mounted Friday as an Oregon senator urged the U.S. attorney general to join European agencies, which now include the U.K. Serious Fraud Office, in examining allegations of oil price-fixing that potentially target BP PLC and Statoil ASA.

An EC investigation came to light Tuesday after the agency raided an unspecified number of companies that may have manipulated benchmark oil and biofuel rates used in derivatives and commodity sales. Sen. Ron Wyden, D-Ore., urged the...
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