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You are here News Energy A Perfect Storm Could Shed Light On Secretive Energy Markets

A Perfect Storm Could Shed Light On Secretive Energy Markets

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When Olav Refvik wanted to boost the price of heating oil to make a lucrative energy deal even more lucrative, the Morgan Stanley trader locked up several storage tanks the bank owned near New York Harbor to squeeze supply. Far from being illegal, the maneuver -- which earned him millions and the moniker "King of New York Harbor" -- is business as usual in the "regulated" commodities market.

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