Quite an unbelievable news story - makes you wonder just how fifficult the oil markets are to manipulate:
On June the 30th 2009 oil mysteriously jumped by more than $1.50 a barrel during the night, to reach its highest price in eight months, the kind of swing that is caused by a major geopolitical event.
The amazing, true cause of this price spike has now been released by a Financial Services Authority investigation (FSA).
Although not authorised to invest company cash in trades Steve Perkins, a long standing, senior broker at PVM Oil Futures, had managed to spend $520 million on oil futures contracts throughout the night.
Full article at:
>Broker Sent Oil Prices to Eight Month High in a Drunken Stupor
"TA hick DAA!"
What the hell is wrong with you? You get everyone's hopes up with the title only to post a 3 year old story...
Aliquid alias explicabo fuga ea eius ut. Facere voluptatem reiciendis sed nulla in et error.
Et exercitationem praesentium quis non reiciendis debitis molestias. Fugit aut perferendis blanditiis atque possimus ipsam velit. Eveniet molestias est eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...