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Author name: WSJ

Wrong-way bets on oil had a star trader hundreds of millions in the hole

date Apr 12, 2026

he is legendary in the close-knit trading industry for his huge, often lucrative, wagers on energy derivatives for Vitol. his trades are so big, executives at rival firms have tried to figure out what they are. bets that diesel prices would rise relative to jet fuel, and that Dubai crude would fall in price compared with benchmark Brent.

Source: hindustantimes.com

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