Lehman Suspended From Oil Trading Due To Credit Concerns, Sources Say (LEH)

DealBreaker commenting on the Reuters story:

So what the Hell is going on with Lehman's commodities desk? In the wee hours of the morning Lehman was shut out of a key energy trading window. Platt's, the energy pricing company, suspended Lehman from its oil trading window in Singapore for unknown reasons. And it all seems to be about Lehman's credit worthiness.

We've now independently confirmed the story which began as a whisper among traders and was first reported on by Reuters. Platt's has placed Lehman "under review," which is essentially their penalty box for traders. A source who declined to be named told Reuters that Lehman has been suspended because of credit issues. A source familiar with today's events confirms to DealBreaker that credit worthiness was at the heart of the suspension....MORE