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Reply #18: Ralph Wakley - Oil Derrick worker... [View All]

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LeftHander Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-02-08 02:03 PM
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18. Ralph Wakley - Oil Derrick worker...
Is reported to have strained his back and would not be able to report to work for 3 days upon Doctor's orders. This news sent oil futures soaring in the markets today. Oil futures trader Denny Olsen stated that hundreds of factors influence the futures price and any single factor can result in a price spike. "Last week a gull interrupted drilling on Platform 34a in the Gulf of Mexico for 15 minutes after it was caught in the derrick control room." Olsen went on, "All of traders jumped on this and started buying up Gulf oil. As a result prices went up. We sold later that day and turned 12 million in profit. Everything effects oil price."
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