Investors
Futures Traders Bet On $200/Barrel Oil In 2008
Options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period. The contracts, the cheapest way to speculate in energy markets, appreciated 36 percent since early December as crude futures reached a record $100.09 on Jan. 3.
The [...]
Was $100 Oil a Publicity Stunt?
The history books will record Wednesday, 2 January 2008 as the day crude oil traded at the much anticipated record high of $100 per barrel. But some traders and analysts say the validity of that first $100 trade is questionable: One lone floor trader bought 1,000 barrels - the fewest permitted [...]
