Justice Department investigating oil market trading, sources say
https://www.profitableratecpm.com/f4ffsdxe?key=39b1ebce72f3758345b2155c98e6709c
Washington — The Justice Department is investigating suspicious transactions linked to fluctuations in the oil market, according to two sources close to the investigation.
Reuters was the first to report this transaction. The existence of the investigation was first reported by ABC News.
The oil market has been volatile amid the war with Iran. Tehran has effectively closed the strategic Strait of Hormuz to Gulf oil and gas exports, sending prices skyrocketing and forcing countries to fight for alternative supplies.
The national average price for a gallon of gas Wednesday was $4.51, according to AAA.
This is a developing story and will be updated.
