Feds investigating BP

| 8/29/2006

Federal investigators are examining whether British Petroleum illegally manipulated the global markets for crude oil and unleaded gas.

The Wall Street Journal reports that subpoenas have been issued to BP and energy traders who may have manipulated crude prices in 2003 and 2004.

The separate gasoline probe is already a criminal investigation that focuses on a single day’s trading in 2002.

BP is also accused of manipulating propane prices.