Monday, August 03, 2009

Oil prices unrelated to commodity trading activities??

Andrew J. Hall, head of Phibro, a small commodities trading firm, claims to be owed $100 Million as his "cut of the profits from an aggressive year of bets in the oil market".

And that had no effect on prices at the pump??

Read about it in the NYT: $100 Million Payday Poses Problem

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