UN chief: Saudi king ready to restore oil prices to 'appropriate' levels RIYADH, Saudi Arabia - Saudi Arabia plans to increase its oil production by 200,000 barrels a day next monthCommentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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9/11 Saudi terrorist, now economic terrorism against the working poor of America!!!
This was posted May 30 and since then nothings changed, except the price at the pump which has gone up while oil per barrel has gone down. Go figure.
The Commodity Futures Trading Commission, which normally keeps investigations confidential, said in a statement that it was "taking the extraordinary step of disclosing this investigation because of today's unprecedented market conditions."
Those conditions have sent oil prices to record heights, adding to the U.S. trade deficit, hurting consumers and companies, and weighing heavily on the nation's economy.
Gregory Mocek, director of enforcement at the CFTC, said five senior trial lawyers, "some of the most experienced prosecutors that we have," and other investigators were engaged in the inquiry. "The scope is quite broad," Mocek said, adding that the commission was looking at the "national crude market," including trades on regulated exchanges, cash trades, storage, pipeline operations and shipping.