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Obama team to probe oil market manipulation
President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices. Earlier, the Justice Department announced the working group, which will include representatives from the Commodity Futures Trading Commission, the Federal Trade Commission, the Federal Reserve Board, the Securities and Exchange Commission, as well as the Departments of Agriculture, Energy, Justice and Treasury. Rising fuel costs have raised concerns about the strain on the economic recovery, with U.S. gasoline ... (full story)