Spot Cargo Markets —Market Rallies After Vitol Party

摘要

Oil prices skyrocketed Friday after the market’s great andgood met up in London Thursday night to celebrate Swisstrader Vitol’s 45 years of trading. One trader who attend-ed the gathering told Jet Fuel Intelligence that “Londonand New York trading bubbles had been burst” by guestsfrom Africa and South America suddenly talking aboutstrong oil market fundamentals rather than the doom andgloom of the eurozone debt crisis and weak US economy.