Trader jailed in Sweden

27 Oct 2003

An options trader at Swedish bank Alfred Berg has been jailed for a year for gross embezzlement and unfaithfulness to his employer. The sentence was handed down by the Swedish Supreme Court this week....

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.