BP To 'Vigorously Defend' Itself Against Market Manipulation Charges

BP Responds To Damning Charges
A BP company logo is displayed on the forecourt of a gas station operated by BP Plc in London, U.K., on Tuesday, June 4, 2013. Royal Dutch Shell Plc, BP Plc, Statoil ASA and Platts, the oil-price data collector owned by McGraw Hill Financial Inc., said they're being investigated after the European Commission conducted raids in three countries to ferret out evidence of collusion. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
A BP company logo is displayed on the forecourt of a gas station operated by BP Plc in London, U.K., on Tuesday, June 4, 2013. Royal Dutch Shell Plc, BP Plc, Statoil ASA and Platts, the oil-price data collector owned by McGraw Hill Financial Inc., said they're being investigated after the European Commission conducted raids in three countries to ferret out evidence of collusion. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Aug 5 (Reuters) - BP Plc said on Monday it would "vigorously defend" itself against allegations from U.S. regulators that its traders manipulated natural gas markets in late 2008.

Earlier on Monday the U.S. Federal Energy Regulatory Commission (FERC) ordered the energy company to respond to the allegations from its Office of Enforcement, threatening the company with fines and other charges near $29 million.

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