BP (BP), Shell (RDS.A), Statoil (STO) and others have been sued for allegedly conspiring to fix...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP), Shell (RDS.A), Statoil (STO) and others have been sued for allegedly conspiring to fix the price of Brent Crude oil and futures contracts. The lawsuit, which was filed by Chicago-based commodity trading house Prime International, is the first such action following news of a European investigation into possible oil-price manipulation.