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BP fined for rigging oil market

Friday 16 October 1998 00:02 BST
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BP fined for rigging oil market

BRITISH PETROLEUM was yesterday fined a record pounds 125,000 for rigging the oil market in July. The International Petroleum Exchange also ordered the oil giant to repay $16,760, representing the profit it had made manipulating the market and the Exchange's own costs. BP said the four employees involved had been disciplined.

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