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Commodity Trading Discussion Forum

‘Rogue broker’ blamed for oil spike

Posted By: Wayne Fisher
Date: Friday, 3 July 2009, at 4:35 a.m.

PVM Oil Associates, the world’s largest over-the-counter oil brokerage, said on Thursday it had been the “victim of unauthorised trading”. The privately owned company said that as a result of the unauthorised trades it had been forced to close substantial volumes of futures contracts at a loss

‘Rogue broker’

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