Lawmakers Urge DOJ To Probe Oil And Gas Price Fixing At OPEC
Portfolio Pulse from Benzinga Newsdesk
Lawmakers are urging the Department of Justice (DOJ) to investigate potential price fixing by OPEC in the oil and gas markets. This could have significant implications for oil prices and related financial instruments.
June 04, 2024 | 6:04 pm
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Lawmakers are urging the DOJ to investigate OPEC for potential price fixing in the oil and gas markets. This could lead to increased volatility in oil prices, impacting the United States Oil Fund (USO).
An investigation into OPEC's pricing practices could lead to increased volatility in oil prices, which would directly affect the United States Oil Fund (USO). However, the outcome of the investigation is uncertain, leading to a neutral short-term impact.
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