US energy speculation investigation begins anew

US oil & gas price fraud committee to probe trader and investor activity

The strong oil seesaw

Oil price speculation has resurfaced near the top of the US political agenda in recent weeks as gasoline prices flirt yet again with $4 per gallon – a key psychological price point for consumers at the pump.

In response to a call to action in March from President Barack Obama, US attorney general Eric Holder announced the creation of an oil & gas price fraud working group. It will include representatives from the Commodity Futures Trading Commission, the Federal Trade Commission and the

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