Citing lawyers and traders close to the case, The Wall Street Journal claimed that federal investigators are examining whether BP PLC manipulated crude oil and unleaded gasoline markets.
BP is already facing a civil complaint filed by federal commodities regulators for allegedly manipulating much of the US propane market. Besides this, BP has been summoned before the Congress over the corrosion problems at its Alaska pipelines.
The separate investigations on crude oil and gasoline will intensify pressure on BP as their markets are bigger and directly affect most American households.
The Federal investigation indicates a rise in regulatory scrutiny of BP.
The oil company was not available for comment.
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