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Fake crude oil move caused by rogue trader ?
Fake crude oil move caused by rogue trader ?
Was that fake move in crude oil caused by a rogue trader ? The Financial Times reports ; "The boss of Steve Perkins, the broker at the heart of a rogue trading scandal that rocked oil markets this week, issued a bullish report suggesting prices could go higher only hours after Mr Perkins ...
FT.com / Companies / Oil & Gas - ‘Rogue broker’ blamed for oil spike
ft.com — The startling spike in oil prices to their highest level this year on Tuesday was caused by... a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company. PVM Oil Associates, the world’s ... (more) FT.com / Companies / Oil & Gas - ‘Rogue broker’ ...
MarketClub Videos: Crude Oil Update - How low can crude oil go?
ino.com — After trading as high as $73 a barrel, crude oil began to buckle under pressure as the... CFTC began to look into position limits that can be held by traders. What's happening now is giving speculation a bad name. Speculators form a very important task ... (more) MarketClub Videos: Crude Oil Update - How low can crude ...
Light crude oil chart update
Light crude oil chart update
gicharts.blogspot.com — Quick analysis of light crude oil ; 1) The initial trend was broken ; oil did rise... too fast, broke out of this trend and went into a sideway pattern. 2) The main key is to find a "confirmed" support ; we did find one 3) The next obvious target is to ... (more) Light crude oil chart update
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Related: rogue trader oil volume
Like the Oil Spike Never HappenedGoldSeek.com
SO THIS WEEK'S spike in the price of Brent crude oil to $73.50 was due to a "rogue trader". His unauthorized dealing through the PVM brokerage reportedly sparked 30 times the typical trading volume and incurred a loss of $10 million.