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US regulators allege Total rigged natural gas market for 3 years

French firm is accused of having made intentionally losing trades to affect index prices on at least 38 occasions

Total, which is a relatively small player in the US gas market, said it was convinced its US traders did not commit any of the manipulation alleged by FERC.

New York

US federal energy regulators extended their years-long effort to crack down on a contested form of market manipulation on Tuesday, alleging that French firm Total SA and two of its traders rigged southwestern natural gas prices for years.

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