Single rogue trade causes oil price spike? Doubt it...

[The Contrarian]

http://business.timesonline.co.uk/tol/business/ind...


How can a single trader, with trades amounting to circa $10 million be more than a pimple on the hairy behind of the worl oil futures market.

This strikes me as a classic case of trying to apportion a reason to a price fluctuation. Sounds like bks to me.

[limpsfield]

He did it during Asian trading so to quote from the BBC

"This all happened within an hour at about two o'clock in the morning, and of course in a thin market at that sort of time, it doesn't take an awful lot to move the price."

I think its believeable. It wasn't really that much of a spike either - the price was back to where is started by lunchtime UK.

[Neil_H]

He was trading at 2am London time.

ETA: oops, yes as stated above^

Edited by Neil_H on Friday 3rd July 11:22

[TeamD]

Neil_H said:

He was trading at 2am London time.

ETA: oops, yes as stated above^

Too much coke, He couldn't sleep

[Neil_H]

TeamD said:

Neil_H said:

He was trading at 2am London time.

ETA: oops, yes as stated above^

Too much coke, He couldn't sleep

Well it's all that caffeine, you see.