Investigation Into Oil Industry Price Rigging Mirrors LIBOR Scandal

Investigation Into Oil Industry Price Rigging Mirrors LIBOR Scandal: The European Union is investigating price-rigging in the global oil market, a widely-known yet unaddressed problem. That investigation hit a peak with last Tuesday’s raids of British Petroleum, Royal Dutch Shell, and Statoil offices. By the end of the week, Sen. Ron Wyden (D-OR) asked the U.S. Justice Department to undertake its own investigation into the [...]/p