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TOP STORY: Rogue PVM oil deals not behind price spike say traders
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Energy risk
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July 03, 2009
A report in today's Financial Times entitled Rogue oil broker triggered price spike says that the unauthorised trades at PVM, which resulted in a $10 million loss for the brokerage, caused 'a startling rise in oil prices to their highest level this year'. The price of West Texas Intermediate (WTI) t...
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