statoil reports "authorities suspect anti- competitive agreements." oil traders at total sa in france reportedly told regulators last fall "several times a of line." reaction to allegations of oil price fixing is reaching u.s. shores. "i think shock and disgust. i don't know if it's going to have a real market impact short- term, but long-term it's raising the creditability of some of these markets." that reaction from phil flynn, a prominate oil trader and fox busines news contributor. it's reported price collusion was happening in crude oil, refined products and biofuels. a multi-layered investigation is happening now into exactly how workers at the irs targeted

shell, vp, and statoil have confirmed the searches -- shell, bp, and statoil. >> a key survey in germany shows that investor confidence stagnated in may. >> the eew economic research index gauge the mood among investors, and it was up slightly in may, but analysts had predicted a much steeper rise. thezew says optimism has been dampened because of concerns about the outlook for the eurozone. what did investors make of that news? we have this report from the frankfurt stock exchange. >> economic problems in the euro area seemed to worry investors. the zew investor confidence index stagnated in may after plunging in april, which shows some people fear, here on the frankfurt floor, too, that the rally might not continue. all the shares were still hitting the route. the dax went up sharply again and closed down at a new record high. but some investors think that this might be an exaggeration. >> let's take a closer look at those market numbers for you now. the rally is back after a slight pause yesterday. the dax closing the day 0.75% higher, bringing the index to yet another record. there w

statoil reports "authorities suspect anti- competitive agreements." oil traders at total sa in france reportedly told regulators last fall "several times a of line." reaction to allegations of oil price fixing is reaching u.s. shores. "i think shock and disgust. i don't know if it's going to have a real market impact short- term, but long-term it's raising the creditability of some of these markets." that reaction from phil flynn, a prominate oil trader and fox busines news contributor. it's reported price collusion was happening in crude oil, refined products and biofuels. a multi-layered investigation is happening now into exactly how workers at the irs targeted conservative groups. at a news conference tuesday, attorney general eric holder said he has ordered an fbi and justice department investigation. "i think, as everyone can agree, if not criminal, they were certainly outrageous and unacceptable, but we are examining the facts to see if there were any criminal violations." the acting chief of the irs acknowleged "a lack of sensitivity" in the a

shell, bp and statoil are being rigged accused of rigging oil prices for a decade. wait until you hear this. it could have affected the price you have been paying for everything. >>> where is a time machine when you need it? tesla's stock is up more than 150% this year but is the company's first-ever profit all it appears? why every investor should listen up. more "money" straight ahead. ♪ she knows you ke no one else. and you wouldn't have it any otheray. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for day use helpyou be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and k if your heart is healthy enough for seal activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis.

royal dutch shell, bp, statoil and platts, which collects and publishes oil prices, are all under investigation, and are all said to be working with investigators. the uk's office of fair trading reportedly has received no credible evidence of manipulation in the oil spot and futures markets. a deadly fungus is spreading through coffee crops south of the border. the fungus, known as "roya," will likely kill off about 16% of coffee crops in central america - that's where some of the rarest beans are grown. traders say it will likely mean a price jolt on gourmet coffee. "where you are going to see coffee prices hold or even go up a little bit is in your higher-end coffees, such as starbucks or gevalia." that was jack scoville of price futures group. he expects lower coffee production in central america will boost production in the u.s., as many workers will likely head across the border for work. in earnings news, john deere & company got a boost from a price hike. revenue at the equipment maker is up 9% from last year after raising prices. but, the company cut its sales outlook as wet weather co

shell and statoil are being pursued by a commodities trading firm in chicago.he oil giants are accused of rigging the price f brent oil. last week e.u. officials raided their offices based on the same allegation. >>> 3.9% in april compared to one year ago. that is according to new data from the american petroleum institute. >>> and natural gas futures climbed to a three-week high. nat-gas stockpiles rose lesss3 than expected last week. analysts say above average temperatures for much of the country are helping to raise demand. >>> next on "money" a bernie madoff exclusive. our own adam shapiro sat down with the infamous ponzi scammer. he is directly accusing clients of participate in his scheme. who is madoff pointing the finger at? do we believe a single word he says anyway? we have exclusive details. do you ever have too much money? ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have kno someone who's lived well into their 90s. and that's a grea

european authorities raided european offices bp, shell and statoil. people are suspecting the manipulationf oil prices. the three oil giants allegedly colluded to rig oil prices more than 10 years. sounds like libor. oil futures fell for the fourth straight session fueled by worries of high supply and weak demand this is the longest slide of the year. >>> venezuela is one of the world's biggest oil producers but it has become a net importer of gasoline. that is according to a new report by pedro vase is a, the country's state-owned oil company. blames surging domestic demand and growing problems with the refinery industry for the supply shortage. >>> next on "money" the uproar spreads over the justice department seizure of associated press phone records. we'll tell you how the scandal may shred the core of the news business. it m be one of the costliest good-byes ijamie dimon leaves jpmorgan. one analyst says it would wipe out $20 billion of the stock's value. should investors be ready to sell? more "money" coming up. ♪ . >> i've been a prosecutor sin