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





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Over the span of a few hours one day in April 2022, 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:

#Oil #Storylines #BloombergQuicktake

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Vídeo

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31 Comentários

  1. If you want greater understanding of the corruption at the top look at Clinton's pardon of Marc Rich Glencore Founder. Accused of tax evasion, fraud, illegal trade with Iran, FBI's Most Wanted List for almost two decades. Pardoned by Clinton after significant donations.

  2. I’m gonna go ahead and bet that the boiz will not be remembered as hero’s in the trading community, haha I wish them well

  3. I remember that day. There was a guy who shorted WTI at $0 because it couldn't possibly get any lower, and it went to $-40 a barrel. The guy lost more than half a million dollars in a day.

  4. Its sad that, if you are not the big banks or the government but you hit BIG Bank like these guys…..you are investigated or called on some type of fraud SMMFH

  5. Just because some young lads made a absolute killing in 1 day everyone in upraw, but when massive forms do this not an eyelid is moved… seems suspicious to me that there they're even getting investigated???

  6. All I got from this video was a group of dudes made $660 million in one day and they should probably be punished.

    All these flash crashes apparently need a scapegoat for some "malicious intent" to make the market go negative instead of looking at the bigger picture.

    So the covid 2022 crash with chinese factories, cruise lines, airport shutdowns and mandatory lockdowns so people didnt need to drive around had nothing to do with oil storage capacity overfilling and crashing oil prices?

    At least state a reason why you think their trade was malicious.

  7. But why was it a high risk? If the price is below zero in a big crisis, you know it‘s gonna go up. So you simply buy the dip😂

  8. I still don't get how it dropped

  9. 5:20 – Who would have thought people who worked together also saw each other outside of work?!! Amazing reporting and some really interesting insights into the lives of people who work

  10. Big guys win, they're congratulated.
    Young underdogs win, they must be investigated them. How dare you outsmart and humiliate big guys ?
    Ahhh jealousy at its finest.

  11. I realized that the secret to making a million is making better investment . I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest : ng . For example last year I invested 70k in blue chip stocks and crypt0 s ( with the help of my advisor of course ) and made about 380k , but guess what ? I put it back and traded with her again and now I'm rounding up close to a million . Delayed gratification always pays off