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The WSJ carries an expose of how traders manipulate the spot market for oil, with Halis Bektas...

The WSJ carries an expose of how traders manipulate the spot market for oil, with Halis Bektas from Switzerland, for example, admitting that he will sell a small amount of oil at a loss to drive down the benchmark price and then buy shiploads at the lower cost. McGraw Hill Financial (MHFI) unit Platts, which sets the benchmark by relying on information that traders provide about their deals, said that it's not aware of such manipulation and that its staff are trained to ignore unusual pricing.
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