Companies among five accused by oil traders of repeatedly trying to rig spot price for Brent crude
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Fiona Harvey, environment correspondent
- The Guardian,
BP and Shell have been forced on the defensive by new allegations of price-rigging made in a US lawsuit brought by four oil traders.
The two companies, along with others involved with the oil market, are alleged to have attempted to rig the spot price for Brent crude oil on multiple occasions in the last decade. The court documents list several alleged incidents in which the accusers claim the market price could have been manipulated.
BP and Shell both said they had no comment on the allegations.