You are here

Traders generate record earnings despite oil crash

The recipe is simple - volatility and scale, according to Trafigura

BT_20151216_SHELL_2024316.jpg
Using oil storage, now a popular ploy, helped traders exploit a contango price structure in which immediate delivery oil is discounted, and so can be stored and sold later at a healthy profit.

London

OIL traders are profiting handsomely from a crude price crash to near an 11-year low, even as it forces energy companies around the globe to slash costs and postpone projects.

From listed giant Glencore through unlisted Swiss privately-held Trafigura, to the trading desks of

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom