$100 a barrel


One dude caused oil to hit $100/barrel

It was reported here yesterday that the price of a barrel of oil hit $100 for the first time ever. What actually happened was that one guy bought oil slightly above market price just so he could say "I was the first schmuck to buy oil at $100 a barrel!" The trader hasn't been identified, but after buying the minimum lot of 1,000 barrels from a colleague, he then sold them right back at a loss. It isn't clear what oil was trading at when he bought the barrels, but for his $100 per barrel order, he got $99.40 per barrel return. That means his ... Read more →

Oil hits $100 a barrel for first time ever John Neff

I'm not an investor nor into playing the markets, but I'm staring at a graph right now showing that the price of a barrel of crude oil on the New York Merchantile Index hit $100 shortly after noon ...

One dude caused oil to hit $100/barrel 1 year ago on Autoblog

It was reported here yesterday that the price of a barrel of oil hit $100 for the first time ever. What actually happened was that one guy bought oil slightly above market price just so he could say "I was the first schmuck to buy oil at $100 a barrel!" The trader hasn't been identified, but after ...

Oil hits $100 a barrel for first time ever 1 year ago on Autoblog

I'm not an investor nor into playing the markets, but I'm staring at a graph right now showing that the price of a barrel of crude oil on the New York Merchantile Index hit $100 shortly after noon EST today, and even I know that's kind of a big thing. This is for the price of crude oil futures for ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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