Oil

Obama to announce crackdown on oil market manipulation

Reuters News
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Posted: Apr 17, 2012 8:23 AM
Obama to announce crackdown on oil market manipulation

WASHINGTON (Reuters) - President Barack Obama will announce a plan on Tuesday to increase oversight and "crack down" on oil market manipulation, the White House said.

Obama will make a statement in the White House Rose Garden about the issue at 11:10 a.m. EDT (1510 GMT).

(Reporting by Jeff Mason; Editing by Eric Beech)