US authorities to introduce new rules of trade in wholesale market of oil and mineral oil

Almaty. August 13. Kazakhstan Today - The American authorities have declared introduction of the new rules of trade in the wholesale market of oil and mineral oil: since November 4, 2009, the manipulation of the prices will be punished by penalty of $1 million per day, the agency reports citing the newspaper Kommersant.

"The new rules for the future market of oil, directed at elimination of speculative prices, are being prepared. According to the analysts, this can lead to new decrease of the oil prices," the newspaper writes.

"We will supervise the oil market and if we find the companies that manipulate the market, we will punish them," the chairman of the US Federal Trade Commission Joe Leibovits informed.

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