(Bloomberg) -- Reza Dilmaghani mostly trades equities, but for the past week he’s been dipping in and out of the oil market, lured by crude’s biggest weekly ...
-- Reza Dilmaghani mostly trades equities, but for the past week he’s been dipping in and out of the oil market , lured by crude’s biggest weekly rally in nearly two years.“This week has been great,” said Dilmaghani, a Phoenix-based day trader who’s been trying to capitalize on the market’s short-term direction. “Ever since we reached $67, it’s been going up quite steadily and orderly,” he said. “When it’s orderly, it’s great.
While that’s bringing much needed liquidity into a futures market that has sidelined commercial players, it’s also threatening to fuel more volatility. Several people died, including a young child, when an overcrowded boat attempted to cross the Channel to the United Kingdom, French authorities said on Saturday. A French vessel responded to a distress call on Saturday morning, according to a statement from the Pas-de-Calais prefecture in northern France.It picked up 14 people from the dinghy, the statement said, some injured and others already dead.
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