03 January 2008

It was Richard Arens (of ABS)

"The man behind the record rise in oil prices to $100 a barrel was a lone trader, seeking bragging rights and a minute of fame, market watchers say ... A single trader bid up the price by buying a modest lot and then sold it immediately at a loss."
(via BBC News)
IMHO: These are the folks who deserve scrutiny the next time everyone gets excercised because gas prices have jumped 20 cents for a few days in a row.

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