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EU Plans to Wrap Up Oil-Benchmarks Probe as Quickly as Possible

European Union regulators aim to finish their antitrust probe into alleged manipulation of oil prices by companies from BP Plc to Royal Dutch Shell Plc “as quickly as possible,” the bloc’s antitrust chief said.

The length of the investigation “depends on a number of factors, including the complexity of the case, the extent to which the undertakings concerned cooperate with the commission and the exercise of the rights of defense,” EU Competition Commissioner Joaquin Almunia said in a written response to a European Parliament lawmaker.