3 oil companies raided by European officials

Investigators with the European Commission have raided several oil industry offices this week. The U.K. offices of BP, Royal Dutch Shell, and Platts, an industry data provider, were subject to what the Commission called “unannounced inspections.” The investigation is in its early stage, and it is not clear if anything illegal will be found, but the concern is price manipulation. 

The BBC’s Rob Young has the latest from London.