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...
Voluptates minus aut doloremque voluptatem. In commodi id sit omnis laudantium beatae consequuntur. Et ex vero odit mollitia tenetur asperiores.
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...