Perkins traded Brent crude futures contracts without client authorization . His trading pushed the price 72,000 a barrel -- the highest the weekend of June 27-28 . The the Financial Services Authority said the trading seems to have been a result of `` extremely heavy drinking '' Perkins was also fined £ 72,000 ( $ up to $ 73.50 ) for market abuse .
Steven Noel Perkins traded Brent crude futures contracts without client authorization . His trading pushed the price up to $ 73.50 a barrel -- the highest this year . The FSA said the trading seems to have been a result of `` extremely heavy drinking '' Perkins was also fined £72,000 ( $ 108,400 ) for market abuse .