7 January 2008: Fame comes at a price

Last weeks record oil price jump, hitting $100-a-barrel in New York, was caused by a single trader, seeking personal fame.

The trader has been named by US and British media as Richard Arens who runs a one man oil brokerage.

Arens offered 100,000 dollars on the New York market for 1,000 barrels of oil, producing the much talked of 100 dollars per barrel which sparked anguish across the financial markets.

But fame comes at a price. The level dropped back almost immediately so when he sold on the contract he got slightly below 100 dollars, costing him 600 dollars on the deal.

SaintFM thinks that's a lot to pay just to get featured in our 'And Finally ...' spot.