Regulators Probe Oil Speculation

Federal regulators disclosed that they are six months into a wide-ranging investigation to determine whether illegal manipulation of the oil market by Wall Street speculators, hedge funds and investment banks is driving up fuel prices. Concern has been growing that a speculative frenzy since the end of last year has helped to drive oil and food prices to unprecedented and unwarranted levels, creating hardships for consumers worldwide.
Published On:	5/30/2008
Submitted On:	8/19/2008 6:44:34 AM by Picka
Categories:	Environment & Energy Independence

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