EU Oil Price-Fixing Probe Could Rival Libor Scandal

Law360, New York (May 21, 2013, 7:19 PM EDT) -- The European Commission's probe of alleged manipulation of crude oil benchmark prices has expanded beyond major oil companies to include energy trading firms, in a crackdown experts say could echo the ongoing Libor scandal in both its sprawling scope and the avalanche of litigation it could bring from energy consumers.

The global oil market was rocked last week with the European Union antitrust watchdog's announcement that it and the Norwegian Competition Authority had raided several major oil companies on suspicions they might have colluded to manipulate...
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