View Single Post
Old 05-30-2007, 01:07 PM   #283
BigMeatballDave BigMeatballDave is online now
That's a cancerous meatball!
 
BigMeatballDave's Avatar
 

Join Date: Aug 2000
Casino cash: $17695
Quote:
Originally Posted by Donger
Web site error rocks global oil markets



NEW YORK (Reuters) - World oil prices jumped briefly on Wednesday after a television station in Tulsa, Oklahoma -- the No. 62 U.S. media market -- posted an erroneous story about a refinery fire on its Web site.

At 10:14 EDT (1414 GMT), CBS affiliate KOTV reported that a lightning strike had caused a fire at an Oklahoma refinery -- sparking a flurry of excitement among energy traders and boosting U.S. crude prices 40 cents.

The refining company announced the story was "completely wrong" and the station withdrew the story.

"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.
Its scary. If a hurricane enters the gulf this year, we might see $4.50.
Posts: 52,635
BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.
  Reply With Quote