Reported 22 days ago
A U.S. appeals court ruled in favor of major oil companies, including Exxon Mobil and Chevron, dismissing a lawsuit from consumers who accused them of colluding with foreign governments to manipulate oil prices. The 9th U.S. Circuit Court found that the case involved political questions outside judicial purview and lacked sufficient evidence of antitrust violations, stating the oil price increases could also be explained by decreased demand during the COVID-19 pandemic.
Source: YAHOO