The FTC reportedly has opened a formal investigation into oil-price fixing, mirroring a European...

|By:, SA News Editor

The FTC reportedly has opened a formal investigation into oil-price fixing, mirroring a European inquiry into how price reporting companies such as Platts (MHFI -1.1%) help determine the cost of raw materials. The investigation probably will become a broad probe similar to the multi-jurisdictional inquiry into Libor bank manipulation.