Web site error sparks jump in world oil prices

Iria · May 30, 2007, 09:14 PM

Source: News.com
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World oil prices jumped briefly on Wednesday after a television station in Tulsa, Oklahoma--the No. 62 U.S. media market--posted an erroneous story about a refinery fire on its Web site.

At 10:14 EDT, CBS affiliate KOTV reported that a lightning strike had caused a fire at an Oklahoma refinery--sparking a flurry of excitement among energy traders and boosting U.S. crude prices 40 cents.

The refining company announced the story was "completely wrong" and the station withdrew the story.

Judas · May 30, 2007, 09:23 PM

one way to make a sudden buck.... false reporting..... very common

May 30, 2007, 09:14 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Web site error sparks jump in world oil prices Source: News.com ________ World oil prices jumped briefly on Wednesday after a television station in Tulsa, Oklahoma--the No. 62 U.S. media market--posted an erroneous story about a refinery fire on its Web site. At 10:14 EDT, CBS affiliate KOTV reported that a lightning strike had caused a fire at an Oklahoma refinery--sparking a flurry of excitement among energy traders and boosting U.S. crude prices 40 cents. The refining company announced the story was "completely wrong" and the station withdrew the story.