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Who's responsible for $100 barrels of oil? One guy "seeking fame"

Well, the big news from yesterday that the price of a barrel of oil went over the $100 mark for the first time ever. The big news from today is that we have one guy to blame for this incident. According to the Daily Mail, a single trader who was "seeking his moment of fame" decided that being the first to pay more than $100 for a barrel of oil was the best way to make the papers. Man, how sad and lonely is that guy? Anyway, this as-yet-unidentified trader bought 1,000 barrels (the minimum allowed) at $100 a pop, then turned around and sold ... Read more →

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