Usually the direction of the price of oil is a good indicator of where the risk premium of GLENLN (Glencore Plc) is heading to But today  despite a fairly stable commodity market  the 5-year CDS referencing GLENLN shot up after reports the Serious Fraud Office (SFO) is preparing to open a formal bribery investigation into the company and its work with Dan Gertler and the Democratic Republic of Congo (DRC)