U.S. sues big oil traders for 2008 manipulation
Posted by Reuters: Business News on May 25, 2011
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.
