Oil Futures trader Steve Perkins from Brentwood, Essex, bought 7m barrels of crude in late-night trading binge on his laptop, driving the world oil price to an eight-month high.
He had been drinking heavily over the weekend at his company's golf event, and in a drunken stupor began oil trading at 2am.
Prices leapt by more than $1.50 a barrel in under half an hour at around 2am – the kind of sharp swing caused by events of geo-political significance. Ten times the usual volume of futures contracts changed hands in just one hour.
By the time his empolyers realised the trades were not authorised and swiftly began to unwind the positions, losses of exactly $9,763,252 had stacked up.
http://www.telegraph....global-oil-price.html
I do have sympathy with him, because I regular wake up with an unaccountably empty wallet after a night on the lash.
Comments please?