THE COMMODITY FUTURES TRADING COMMISSION FILES CHARGES AGAINST CRUDE OIL SPECULATORS, ALLEGING OIL PRICE MANIPULATION

摘要

On 5/24/11 the Commodity Futures Trading Commission (CFTC) filed charges in U.S. District Court for the Southern District of New York against Parnon Energy Inc., Arcadia Petroleum Ltd., and Arcadia Energy (Suisse) SA (Parnon/Arcadia), and two employees, James Dyer and Nicholas Wildgoose. The commission alleged that the crude oil speculators unlawfully manipulated and attempted to manipulate New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) crude oil financial contract prices from late 2007 through April 2008, in a complex scheme that netted $50 million in unlawful profits.