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Was the petrol price rigged too?
Started:July 16th, 2012 (02:21 AM) by Victory Trader Views / Replies:159 / 0
Last Reply:July 16th, 2012 (02:21 AM) Attachments:0

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Was the petrol price rigged too?

Old July 16th, 2012, 02:21 AM   #1 (permalink)
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Was the petrol price rigged too?

Motorists may have been paying too much for their petrol because banks and other traders are likely to have tried to manipulate oil prices in the same way they rigged interest rates, an official report has warned.

Concerns are growing about the reliability of oil prices, after a report for the G20 found the market is wide open to “manipulation or distortion”.

Traders from banks, oil companies or hedge funds have an “incentive” to distort the market and are likely to try to report false prices, it said.

Was the petrol price rigged too? - Telegraph

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