Some one screwed up releasing an email with trading spreadsheets. More than just hedging we have price manipulation based upon information privy to large oil majors.
“Chevron confirmed the authenticity of the documents. “It was never Chevron’s intent to release information that could be misinterpreted by investors,” said a spokesman. “Chevron is extremely disappointed that certain media organizations chose to publish information after being alerted it was an accidental release.”
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Evil corporate jet owners!
oh, and opec,and now iran, wont be manipulating prices hmmmm
everyone with an ability to rig will always do so…. especially if they think they will not get caught!