A two-year G-20 probe into whether the unregulated physical oil market is vulnerable to...

|By:, SA News Editor

A two-year G-20 probe into whether the unregulated physical oil market is vulnerable to manipulation and needs tighter supervision looks set to end this week with a report that effectively endorses the current system. The IOSCO is backpedaling from earlier calls for tougher industry oversight, even as average U.S. retail gasoline prices hover near record levels.