A rogue trader has left a London-based oil brokerage with losses of almost US$10-million following a series of unauthorised trades two days ago believed to have caused a spike in global crude prices.
A rogue trader has left a London-based oil brokerage with losses of almost US$10-million following a series of unauthorised trades two days ago believed to have caused a spike in global crude prices.
THE VILLAGES — Consumer pocketbooks grew a little fatter Thursday at the gasoline pumps. Crude oil prices plummeted on the New York Mercantile Exchange, fueling speculation that gasoline prices might fall even further than in recent days.
SINGAPORE—Oil prices hovered above $66 a barrel Friday in Asia in light holiday trading volume a day after grim unemployment numbers from the US and Europe sent crude prices tumbling.
July 3 (Bloomberg) — Crude oil futures in New York fell below $66 a barrel, a 10 percent decline from this year’s high, marking a market “correction.”
A rogue trader has caused a spike in the price of oil and cost his firm £6 million after a series of unauthorised trades. PVM Oil Futures said a senior broker based at the firm’s London office had taken the unauthorised positions in Brent crude futures.
THE VILLAGES — Consumer pocketbooks grew a little fatter Thursday at the gasoline pumps. Crude oil prices plummeted on the New York Mercantile Exchange, fueling speculation that gasoline prices might fall even further than in recent days.
BEIJING — OPEC is satisfied with the current crude oil price, the president of the Organization of Petroleum Exporting Countries, Angolan oil minister Jose Botelho de Vasconcelos told reporters on Friday.
July 3 (Bloomberg) — OPEC is “satisfied” with the current oil price, OPEC President Jose Maria Botelho de Vasconcelos said today in Beijing. The current price is “good for all of us, the consumers and the producers,” de Vasconcelos said.
A rogue trader has left a London-based oil brokerage with losses of almost US$10-million following a series of unauthorised trades two days ago believed to have caused a spike in global crude prices.