http://news.bbc.co.uk/1/hi/business/7169543.stm Oil industry expert claims that the first time oil hit $100 a barrel, the buyer was an individual trader who bought the smallest amount possible, selling it moments later for a $600 loss and a story to tell. 17:37
Delicious tags: oil economy
Gulfstream
Entry Posted January 5, 2008
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benjamin allen (www.benjaminallen.co.uk):
… ll look cool driving around with that plate on his car. And he definitely will, though you’ll be hard pushed to find anyone to admit it… Hell, he may just be doing it so he can say “he did it” (sound familiar?) even so, I really don’t mind, more power to him. The man earned his money through hard work and intelligence (not that I have a problem with people who inherit amazing amounts of money, they don’ …
There's My Two Cents (theresmytwocents.blogspot.com):
… This is one of the major problems with how the price of oil is set. If a single guy can cause a flurry of historic panic with a deliberate $600 loss, things need to change! It also illustrates just how crazy this whole oil price controversy is.More Reps means good results in 2008? One of the indicators of which party might have more success in the months ahead of any election is to look at the number of people self-identifying with the party. …
Alan K. Henderson's Weblog (alankhenderson.blogspot.com):
… What was it …
Dad In The Headlights (dadintheheadlights.wordpress.com):
… article …
Hot News Log — News from Around the World (www.hotnewslog.com):
… s case is her community standing as a beauty queen and a law student at Arizona University; harming her public image is this image, most commonly associated with her story: But my finger isn’t on the trigger, so I’m playful!A single trader is likely responsible for oil surpassing $100 a barrel, by overpaying and then immediately selling at a loss. “..one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.”They absolutely overpaid, …
BloggerFodder.net (bloggerfodder.net):
… Learn How to Type Faster With These 8 Sites * swissmiss: snowman by david shrigley. art or not? * Axis Of Info & Blog Archive & Awesome African Pets * Geek About & Top 17 Most Bizarre Sights on Google Earth *BBC NEWS | Business | Single trader behind oil record …
Miscellaneous, etc. (www.miscellaneousetc.com):
… s case is her community standing as a beauty queen and a law student at Arizona University; harming her public image is this image, most commonly associated with her story: But my finger isn’t on the trigger, so I’m playful!A single trader is likely responsible for oil surpassing $100 a barrel, by overpaying and then immediately selling at a loss. “..one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.”They absolutely overpaid, …
Miscellaneous, etc. (www.miscellaneousetc.com):
… s case is her community standing as a beauty queen and a law student at Arizona University; harming her public image is this image, most commonly associated with her story: But my finger isn’t on the trigger, so I’m playful!A single trader is likely responsible for oil surpassing $100 a barrel, by overpaying and then immediately selling at a loss. “..one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.”They absolutely overpaid, …
Miscellaneous, etc. (www.miscellaneousetc.com):
… s case is her community standing as a beauty queen and a law student at Arizona University; harming her public image is this image, most commonly associated with her story: But my finger isn’t on the trigger, so I’m playful!A single trader is likely responsible for oil surpassing $100 a barrel, by overpaying and then immediately selling at a loss. “..one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.”They absolutely overpaid, …
Miscellaneous, etc. (www.miscellaneousetc.com):
… s case is her community standing as a beauty queen and a law student at Arizona University; harming her public image is this image, most commonly associated with her story: But my finger isn’t on the trigger, so I’m playful!A single trader is likely responsible for oil surpassing $100 a barrel, by overpaying and then immediately selling at a loss. “..one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.”They absolutely overpaid, …
eco.nomie.nl (eco.nomie.nl):
… Elders te lezen Interessante economie elders op het net: Milaan voert tolsysteem in Ook Milaan gaat rekeningrijdenOlie voor $100?Het blijkt slechts 1 transactie van een ijdele handelaar. (Voorlopig). Meest geciteerde artikelen gepubliceerd in de laatste 5 jaar Volgens RePEc. Als het aanbod daalt dan... komt er een extra koopavond. Huh? …
RSS Feed (www.irintech.com):
… swissmiss: snowman by david shrigley. art or not? Axis Of Info & Blog Archive & Awesome African Pets Asus to unveil terabyte laptop Geek About & Top 17 Most Bizarre Sights on Google EarthBBC NEWS | Business | Single trader behind oil record …
an idiots guide to economics (economicsguide.blogspot.com):
… field days, I mean lets face it, disaster and doom make for good material to report on. You can take your pick really from: mortgages going bad, political unrest, falling house prices...and expensive oil. Now here is an interesting story from the BBC:http://news.bbc.co.uk/1/hi/business/7169543.stm …
Dinero (blogs.periodistadigital.com):
… (PD).- El ascenso del petróleo de referencia en Estados Unidos por encima de los 100 dólares por barril se debe a las operaciones realizadas ayer por un único intermediario, según indican los analistas consultados por laBBC …
Caveserv (adamstechconsultants.com):
… $100/barrel crude oil pricesin the US. The article claims that Fed Chairman, Ben Bernanke, is deliberately allowing the interest rate to go in the opposite direction of the price of oil right now to play out a theory that it has been the Fed messing with the interest rate that …
Lester Mak » Lester Mak - Under Maintenance (www.lestmak.com):
… more efficient for users, and less prone to manipulation by market makers. The dwindling liquidity on the NYMEX trading floor has led to considerable speculation that the exchange will soon shut down the trading floor to cut costs. Permalink:http://news.bbc.co.uk/1/hi/business/7169543.stm …
Superior Investor Stock Forum - Investing - Trading (www.superiorinvestor.net):
… http://news.bbc.co.uk/1/hi/business/7169543.stm …
Ippoippo (www.ippoippo.net):
… Yesterday, oil traded at $100 dollars. There’s been some interesting comment about this.The first was, is that it seems that there was just a single three figure transaction… by a single trader who ‘overpaid’ so that they could be the first to buy oil at that price, and all the (rather non-sensical) bragging rights that go with it. Mind you, the electronically traded price is going up again, and at the time of …
Power Solutions - independent gas and electricity brokers (www.powersolutionsuk.net):
… faster, cheaper, more efficient for users, and less prone to manipulation by market makers. The dwindling liquidity on the NYMEX trading floor has led to considerable speculation that the exchange will soon shut down the trading floor to cut costs. [click here to view original article… …
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