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On April 20th, oil markets did something they never had before and they crashed, went into negative territory and closed the day at -$40. Meanwhile, in a place called Theydon Bois in Essex a group of nine traders lead by a guy called Cuddles made $660 million, over the course of a couple of hours. The price of oil has collapsed to a record low. Weve never really seen anything like it. WTI this morning, down more than 35%. People maybe wouldnt have been so surprised if the oil price had fallen to zero. But the oil price went to -$38. It went far lower than anyone had expected. And so lots of people in the market were saying well, hang on, something else is going on here. A couple of months later, I started to get wind through a kind of network of sources that a tiny firm in the outskirts of London had made a huge amount of money that day and potentially had some part to play in what happened. The information we got was that nine traders at Vega Capital London had made in the region of