Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Thursday, May 31, 2007

Web site error rocks global oil markets

Web site error rocks global oil markets - Reuters:
"All it takes is a screw-up on a Web site to move the market. It just goes to show how tense this market is," said a Houston-based oil trader.

A string of refinery problems in the United States has propelled retail gasoline prices to record highs in recent weeks.
That last bit is what I found the most interesting. That is where the blame is said to lie, rather than tension in the Middle East, Venezuela, or specifically Iran...