The New York Times reported late today that Somali pirates caused a brief surge in the global oil futures market, after a group of pirates reportedly seized a Saudi-Aramco oil tanker off the coast of Kenya.
Oil futures, trending downward and currently around $56 per barrel (U.S.), briefly spiked to $59 per barrel when the markets gasped at the news.
Did anybody check to see if the pirates bought low and sold high?
As always, keep up with the adventures of Somali pirates here at the Tuque Souq Somali Piracy Watch. There's more on this particular story over at Al Jazeera.