The Essex Boys Who Rode Oil’s Crash to a $660 Million Profit

During the pandemic, an unprecedented event occurred in the oil market as WTI crude prices fell below zero. A group of traders from Essex, led by Paul Commins, capitalized on this crash, making $660 million. Their actions drew significant scrutiny due to their unexpected success and the market's global nature. Despite investigations, no illegal activities have been confirmed. The story highlights the traders' cultural background and raises questions about market dynamics and future implications.

What was the significant event in the oil market during the pandemic?

• Oil production was halted worldwide.

• A new oil reserve was discovered.

• The price of WTI crude fell below zero.

• The price of WTI crude rose to an all-time high.

Who is Paul Commins, also known as Cuddles?

• A government official investigating the oil market.

• A journalist from Bloomberg.

• An oil trader from Essex who profited during the market crash.

• A famous football player from Essex.

How much did the Essex traders make during the oil market crash?

• $500 million collectively.

• $660 million collectively.

• $100 million collectively.

• $1 billion collectively.

What is a potential reason for the scrutiny faced by the Essex traders?

• They were unknown traders who made significant profits.

• They were involved in illegal activities.

• They were government officials.

• They were part of a large corporation.

What lifestyle changes are expected for the Essex traders after their profits?

• Moving to a different country.

• Investing in new oil fields.

• Purchasing expensive cars and luxury items.

• Starting a charity organization.