WASHINGTON (Bloomberg) --The U.S. is investigating whether traders
with inside information on Russia’s negotiations with other oil
producing nations made hundreds of millions of dollars from illegal
wagers on crude price swings, according to two people with direct
knowledge of the matter.
The Commodity Futures Trading Commission probe is focused on whether
aspects of the strategy that the Russian government pursued last month
with other members of the OPEC+ coalition leaked out to market
participants ahead of time, said the people who asked not to be named
because the scrutiny isn’t public. For the same reason, the U.K.’s
Financial Conduct Authority is also investigating suspicious trades in
futures contracts, one of the people said.
https://www.worldoil.com//news/2020/4/23/us-investigating-multimillion-dollar-trading-fraud-via-opecplus-insiders
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