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 event in the oil market is discussed in the text?

What factors contributed to the oil market collapse according to the text?

Who is the trader referred to as 'Cuddles' and what is his real name?

What was the total profit made by the group of traders mentioned in the text?

How did the scrutiny of the traders differ from that of larger firms like BP or Goldman?