One Guy Causes $100 Barrel Oil Surge
Now nicknamed the “Lone Trader”, one guy was responsible for the recent $100 per barrel oil scare. Even stranger, he sold the barrels back almost immediately for a loss. The drama that ensued was worth much more than that though.
The Lone Trader, using his own money, bought 1,000 barrels of crude oil from a friend, which is the minimum allowed to trade. The stunt caused a few hours worth of jittery trading worldwide.
Looks like the deal cost the trader about $600, as he sold the barrels back for $99.40 each. Small price to pay for fame, I’m sure he’s getting a few chuckles out of it. Never fear though, worried investors, I’m sure the true price of oil will be comfortably above $100 by summer of next year - maybe sooner. That’s crude (pun intended).
Joe 
Naomi