'Drunken' Broker Sent Oil to 8-Month High in 2009

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Posted by Jack Powers
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Subjects: Business, Sci/Tech
Topics: Finance, Oil and Gas
Member Tags: commodities
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Posted by: Posted by Jack Powers - Oct 4, 2012 - 11:44 PM PDT
Reviewed by: Jack Powers (review)
Content Type: Article
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Edited by: Jack Powers - Oct 4, 2012 - 11:45 PM PDT

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Jack Powers
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by Jack Powers - Oct. 4, 2012

Between the hours of 1:22 a.m. and 3:41 a.m., Perkins gradually bought 69 percent of the global market, while driving prices up from $71.40 to $73.05, by bidding higher each time.

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