Why Is Crude Moving Today? Consult the Wheel of (Oil) FortuneBy
Some days, it’s hard to tell just why oil futures are gyrating. Fortunately for this journalist, a colleague passed along a website that helps to clear the fog.
The choices on the wheel include “Fat Finger,” “Roll Started” and the always-useful for down days “Profit Taking.” While some of these options are common for many markets, and some are outdated -- such as “Obama” -- the designers included one sure-fire fallback for oil: “Middle East.”
— With assistance by Michael Bellusci