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Glencore Gets $486 Million Criminal Penalty in Oil Pricing Case

Glencore Plc was sentenced to $486 million in fines and forfeiture for conspiring to manipulate US oil-price benchmarks.

The Swiss commodities trading firm, which pleaded guilty in May, was sentenced Friday by US District Judge Sarala V. Nagala in Hartford, Connecticut. She ordered Glencore to pay a $341.2 million fine and give up the $144.4 million that it made on the scheme, following the terms of its plea agreement, US prosecutors said.