According to analysts, a single trader named by US and British media as Richard Arens made the purchase that took oil prices to the historic price level of $100 per barrel this week. Apparently, the man runs an oil brokerage and offered $100,000 on the New York market on Wednesday for 1,000 barrels of oil. He later sold them slightly below $100, taking a $600 loss. Commenting on the purchase, analyst Antoine Heff from NewEdge was quoted as saying “It was just for the form; he wanted to be the first in the world to buy oil at 100 dollars.”