Thursday, October 10, 2013

Oil Traders Misread Tweet, Make Oil Prices Shoot Up


There have been plenty of complaints about people who jump to conclusions too quickly online, but apparently at times that can actually have a material impact on things. Earlier today, the Israeli Defense Forces (who have been quite active on Twitter) put out a tweet commemorating the famed Yom Kippur war of 1973, in which Israel bombed Syria.
Oct. 10 #YomKippur73: Israel Air Force bombards airports in Syria to prevent Soviet weapons reaching the Syrian Army 

The tweet may have been somewhat ill-timed, and poorly thought-out, given the current "heightened tensions" with Syria. Either way, apparently some oil traders either skipped over or didn't understand the hashtag reference to "YomKippur73" .... http://www.blacklistednews.com