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THE bankers have finally got
their revenge. Oil traders claim
that influential bankers, furious
that that their sector has been
squeezed by regulators since the
2008 crash, have persuaded Brussels
that oil traders should no longer be
able to operate without the same rigorous
rules. According to the bankers,
oil traders behave worse than money
brokers. And so the Eurocrats raided
the offices of BP, Shell and Platts,
comparing their investigation into oil
price-rigging with the one into the
bankers' Libor scandal.
By focusing on Platts, an unusual
reporting agency whose methods to discover
the price of oil often provoke
accusations of dishonesty, the
Eurocrats have won public sympathy
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