By 10am it emerged that Mr Perkins had single-handedly moved the global price of oil to an eight-month high during a “drunken blackout”. Prices leapt by more than $1.50 a barrel in under half an hour at around 2am – the kind of sharp swing caused by events of geo-political significance. Ten times the usual volume of futures contracts changed hands in just one hour.
✖ Via Telegraph.co.uk: “How a broker spent $520m in a drunken stupor and moved the global oil price” by Rowena Mason, June 30th, 2010

• Jun 30, 2010 link notes tagged: communication  technology  economy  finance  lost  loser  money  oil  broker  alcohol  chaos 

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