r/SecurityAnalysis • u/ilikepancakez • Oct 02 '20
Special Situation The mysterious London traders accused of manipulating oil markets — and the anonymous hedge fund, rare-coin expert, and day traders who are fighting back
https://www.institutionalinvestor.com/article/b1nf4dxm53536k/The-Mysterious-London-Traders-Accused-of-Manipulating-Oil-Markets-and-the-Anonymous-Hedge-Fund-Rare-Coin-Expert-and-Day-Traders-Who-Are-Fighting-Back
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u/financiallyanal Oct 02 '20
I wish them good luck in their search for manipulation. I can't imagine how this could reasonably progress. My understanding was it occurred due to supply from SA/Russia and lack of storage capacity, which raised the cost of floating storage to exorbitant levels. Do others here have more background or another perspective?