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Traders generate record earnings despite oil crash
The recipe is simple - volatility and scale, according to Trafigura
Add BT as a preferred sourcePublished Tue, Dec 15, 2015 · 09:50 PM
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 majors BP and Shell, traders have often done well in times of oil price downturns, and markedly so this time around.
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