Very tired of these sorts of articles that bury the lede in a mountain of fluff. I don't care about the stereotype of someoen from Essex. I want to know if these people manipulated oil trades and, if so, how.
Anyone have a TLDR?
Anyone have a TLDR?
I'll happily tell you that there appears to be no evidence of manipulation, so you can avoid reading an article that doesn't interest you, but I don't think it's fair to call it a buried lede.
This part is very routine. The unusual thing is that the price actually went negative so when they "bought" to cover they were actually paid nearly $40. So they profited both off the short position and again to buy to cover.