Skip to content
Subscriber Only

Oil Prices, Trading Examined by U.S. for Criminal Manipulation

The Obama administration is exploring whether rising oil and gasoline prices are being driven higher by illegal manipulation.

Representatives of the Justice Department, other federal agencies and state attorneys general will monitor for fraud, collusion or misrepresentation at the retail and wholesale level, the department said in a statement yesterday. The group also will examine the role of speculators and traders in oil futures markets.