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Rogue Trader Shocks Oil Market

Crude hits highest level in a year on unauthorized trades

By Jason Farago, Newser Staff

Posted Jul 3, 2009 7:20 AM CDT

(Newser) – On Tuesday, the price of oil spiked unexpectedly to its highest level in 2009—a barrel of crude jumped from $71 to $73.50 in just one hour, for no apparent reason. Yesterday the reason became clear: a rogue broker in London with PVM, the... Read full story »

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Rogue Trader Shocks Oil Market

Crude hits highest level in a year on unauthorized trades

oil • petroleum • oil price • crude oil • rogue trader • oil futures

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More Newser Stories

OPEC Panics as Oil Plunges

Cartel plans emergency meeting this week to cut production

Oil Breaks Record, Climbs Above $141

Weak dollar sends investors into crude

Oil Tops $130

Supply concerns drive crude

'Super-Spike' Could Drive Oil to $200

Experts say $150 or more isn't out of the question as world demand grows.

Oil Gushes to Record $105.96

A weakening dollar and falling inventories of oil are pushing crude prices up

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