Unauthorized trades push price peaks

Front-month crude contracts jumped June 30 to “fake” intraday highs of $73.38/bbl on the New York Mercantile Exchange—the highest this year—and $73.50/bbl on the International Petroleum Exchange through unauthorized trades by an employee at a subsidiary of PVM Oil Associates Ltd., London.

Send this story to:

Enter the email address of the recipient.
Separate multiple addresses with commas.

Add your own personal message:

Enter your email address:

Note: Your email address is used only to let the recipient know who sent the story, and in case of transmission error. Both your address and the recipient's address will not be used for any other purpose.