Retail investors with long positions in crude oil markets had little to cheer about in 2019 as the market failed to maintain the early-year rally as pipeline outages, geopolitical tensions and dramatic changes in ship fuel regulations shook up the global oil market leading to high volatility. It was an annus mirabilis , though, for large oil traders, who took full advantage of the choppy markets and a spike in volatility to make a killing through oil trades. Bloomberg has reported that dozens of large oil traders made billions of dollars in profits in the year, with many posting record earnings thanks to a rocky oil market. According to Marco Dunand, CEO of Mercuria Energy Group Ltd., one of the five largest independent oil traders in the world, 2019 was among the best years ever for the energy trading industry. The good news for oil traders: the trading bonanza […]