Oil exec and Trump ally Hamm seeks U.S. probe of oil price crash

spike

WASHINGTON (Reuters) – The founder of Continental Resources Inc (CLR.N), an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe whether market manipulation or system failure was behind this week’s unprecedented plunge in U.S. crude futures.

FILE PHOTO: U.S. President Donald Trump applauds Continental Resources CEO Harold Hamm during a tax reform event with workers at the Andeavor Refinery in Mandan, North Dakota, U.S., September 6, 2017. REUTERS/Jonathan Ernst

Continental’s executive chairman Harold Hamm sent a letter dated Tuesday, April 21, to the U.S. Commodity Futures Trading Commission asking

Read More