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Lone trader caused 100 dollar price for oil

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posted on Jan, 4 2008 @ 11:21 AM
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Lone trader caused 100 dollar price for oil


news.yahoo.com

A lone trader out to win a little fame made the purchase that took oil prices to the historic 100 dollars a barrel level this week but he lost 600 dollars on the deal, analysts said.
The trader has been named by US and British media as Richard Arens who runs a one man oil brokerage, ABS.

"The magic figure was hit apparently on the back of a single trade, rumoured to be a local intent on fame," Sucden analysts wrote in a commentary Thursday on the record breaking deal.
(visit the link for the full news article)




posted on Jan, 4 2008 @ 11:21 AM
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Disinfo to cool the masses down or truth that one trader can mess with the world's economy?
I am not by any means educated on the ups and downs of the stock market but this concerns me and any feedback from our ATS stock pros would be great.

news.yahoo.com
(visit the link for the full news article)



posted on Jan, 4 2008 @ 12:38 PM
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Any thoughts on this?
Do lone traders have that much control?



posted on Jan, 4 2008 @ 01:25 PM
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Originally posted by SEEWHATUDO
Any thoughts on this?


Yep!

They're all on this existing thread: www.abovetopsecret.com...



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