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Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of ...
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Natural Gas: chart Natural gas gains ground as traders react to the EIA report, which indicated that working gas in storage increased by 59 Bcf from the previous week. In case natural gas settles above the $2.00 level, it will move towards the 50 MA at $2.21. WTI Oil: chart WTI oil is swinging between gains and losses as traders remain focused on the ...