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BP Manipulated Oil & Gasoline Markets

U.S. federal investigators are examining whether BP manipulated crude oil and unleaded gasoline markets

BP Manipulated Oil & Gasoline Markets

U.S. federal investigators are examining whether BP Plc manipulated crude oil and unleaded gasoline markets.

BP confirmed a report in the Wall Street Journal that an investigation was underway, but declined further comment.

BP shares were down 2 percent at 593 pence, valuing the company at around 117 billion pounds ($222 billion).

"We are aware of the investigations and we are complying with requests (on the investigation), as we always do," a BP spokesman in London said.

BP already faces allegations from the U.S. Commodity Futures Trading Commission that it manipulated the U.S. propane market in 2004.

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