A small London trading house reportedly made $500 million on oil's historic plunge below zero
Reuters
- Bloomberg reported on Tuesday that a trading house called Vega Capital London made $500 million during oil's historic plunge below zero.
- Oil turned negative in April when the commodity's May futures contract expired, meaning that anyone holding the contract would be forced to take delivery of the physical oil.
- Vega, a small trading house in London, made huge profits by selling oil contracts just before the contract settled, sources told Bloomberg.
- The... Читать дальше...