BR100 Increased By (0.31%)
BR30 Increased By (0.56%)
KSE100 Increased By (0.21%)
KSE30 Increased By (0.13%)
AGHA 7.50 Decreased By ▼ -0.03 (-0.4%)
BECO 5.15 Increased By ▲ 0.04 (0.78%)
BML 60.75 Increased By ▲ 2.45 (4.2%)
BOP 34.65 Increased By ▲ 0.07 (0.2%)
CNERGY 14.00 Increased By ▲ 0.32 (2.34%)
CSIL 6.37 Increased By ▲ 0.07 (1.11%)
FCCL 57.48 Decreased By ▼ -0.07 (-0.12%)
FFL 16.35 Decreased By ▼ -0.15 (-0.91%)
FNEL 1.19 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 No Change ▼ 0.00 (0%)
KOSM 6.05 Increased By ▲ 0.07 (1.17%)
LOTCHEM 27.55 Increased By ▲ 0.04 (0.15%)
MLCF 101.90 Decreased By ▼ -0.03 (-0.03%)
NBP 203.52 Increased By ▲ 0.23 (0.11%)
NCPL 60.33 Decreased By ▼ -0.14 (-0.23%)
NPL 69.45 Decreased By ▼ -0.35 (-0.5%)
OGDC 319.48 Increased By ▲ 1.00 (0.31%)
PACE 11.12 No Change ▼ 0.00 (0%)
PAEL 43.00 Increased By ▲ 0.14 (0.33%)
PIBTL 16.71 Decreased By ▼ -0.01 (-0.06%)
PPL 232.40 Increased By ▲ 1.78 (0.77%)
PRL 82.45 Increased By ▲ 5.72 (7.45%)
PTC 71.80 Increased By ▲ 0.62 (0.87%)
SSGC 27.17 Increased By ▲ 0.07 (0.26%)
TBL 10.16 Decreased By ▼ -0.12 (-1.17%)
TELE 8.60 Increased By ▲ 0.04 (0.47%)
TPL 23.50 Decreased By ▼ -0.09 (-0.38%)
TPLP 15.65 Increased By ▲ 0.20 (1.29%)
TREET 24.55 Increased By ▲ 0.04 (0.16%)
TRG 60.00 Decreased By ▼ -0.09 (-0.15%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
World

Obama seeks hike in criminal penalties for oil manipulation

Published Updated
Save
1 min
Comments
By Asad Naeem
Add BRecorder as a trusted
source on Google
Google Preferred Source

WASHINGTON: US President Barack Obama wants a tenfold increase in the maximum civil and criminal penalties that can be applied for the manipulation of oil futures markets, the White House said on Tuesday.

"These heightened penalties will make sure that penalties reflect the seriousness of misconduct," the White House said in a statement.

Obama is also calling for Congress to provide more funding to the Commodity Futures Trading Commission to increase surveillance and enforcement staff for oil futures market trading.

Copyright Reuters, 2012

Comments

Comments are closed for this article.

More Stories

Browse all stories