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THE OIL BOYS OF ESSEX.

Authors :
Vaughan, Liam
Chellel, Kit
Bain, Benjamin
Longley, Alex
Source :
Bloomberg Businessweek; 12/14/2020, Issue 4681, p52-57, 6p, 2 Cartoon or Caricatures
Publication Year :
2020

Abstract

The article focuses on Paul Commins, also know as "Cuddles," an oil stock trader in Essex, England, who started buying and selling oil within London's International Petroleum Exchange (IPE) in the 1980s and who made millions during the April 20, 2020, oil stock crash. The incident, causing crude oil prices to go negative, and the role of West Texas Intermediate (WTI) futures is explained.

Details

Language :
English
ISSN :
00077135
Issue :
4681
Database :
Complementary Index
Journal :
Bloomberg Businessweek
Publication Type :
Periodical
Accession number :
147512893