Fund Charged in Oil-Price Case

WASHINGTON -- The U.S. futures-market regulator disclosed its first civil case in a wide probe of crude-oil market manipulation, charging a Dutch trading fund with manipulating the price of crude, gasoline and heating-oil futures.

The case comes as Congress considers giving the regulator greater powers to oversee the market and strong censure of the Commodity Futures Trading Commission for what many lawmakers believe is lax regulation of the market.

The CFTC offered no further details on the findings of the broader probe, other than to say dozens of investigations are under way. The magnitude of this case -- defendants allegedly ...