Team to probe oil market fraud, manipulation: Obama (Reuters)
RENO (Reuters) – President Barack Obama said on Thursday the U.S. attorney generalized was assembling a aggroup to stem discover some humbug and touching in the lubricator markets that might be contributing to higher U.S. gasoline prices.
"The actuality is, there's no silver missile that can bring down pedal prices right away," Obama said in prepared remarks for his inaugural statement at a townhall-style meeting in Nevada.
"The Attorney General's putting unitedly a aggroup whose employ it will be to stem discover some cases of humbug or touching in the lubricator markets that might affect pedal prices - and that includes the persona of traders and speculators. We are going to attain trusty that no digit is taking plus of the American grouping for their possess short-term gain," Obama said.
(Reporting by Jeff Mason, composition by Matt Spetalnick, redaction by Alister Bull)
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