Bloomberg Markets reported a legal dispute between a major oil trader and the City of London Corporation is shaking confidence in the centuries-old freight market. The 282-year-old institution, which regulates shipping contracts, faces scrutiny over pricing transparency after Centrica Plc alleged discriminatory practices in tanker charter rates. The legal claim, filed in the High Court, alleges the corporation’s pricing mechanisms favor larger traders while disadvantaging mid-sized firms like Centrica. This dispute has already caused volatility in $2.1 billion worth of pending oil freight deals, according to insiders.