The Day Oil Went Negative, These Unlikely Traders Made $660M

World News

The Day Oil Went Negative, These Unlikely Traders Made $660M

Over the span of a few hours one day in April 2020, a guy called Cuddles and eight of his pals from the freewheeling world of London’s commodities markets rode oil’s crash to a $660 million profit. Now regulators are scrutinizing their once-in-a-lifetime trade.

Read more about the story in Bloomberg Businessweek: https://www.bloomberg.com/news/features/2020-12-10/stock-market-when-oil-when-negative-these-essex-traders-pounced

#Oil #Storylines #BloombergQuicktake

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