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Oil futures drunk-trading incident : ウィキペディア英語版 | Oil futures drunk-trading incident
The oil futures drunk-trading incident was an incident in which Stephen Perkins, an employee of London-based PVM Oil Futures, traded of oil, worth approximately US$520 million (£340 million), in a two-and-half-hour period in the early morning of 30 June 2009 while drunk. These unauthorised trades caused the price of Brent Crude oil to rise by over $1.50 a barrel within a short period of time, a trend generally associated with major geopolitical events, before dropping rapidly. As a result of the trading, PVM Oil Futures suffered losses of almost $10 million and Perkins was dismissed, later being banned from trading by Financial Services Authority (FSA). ==Background== Stephen Perkins, an employee of PVM Oil Futures since 1998, was a Brent Crude broker in the London-based company's international commodities futures division.〔 As part of his duties, he traded in futures for clients; he was not allowed to trade using PVM's money.
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