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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. Weamp;#39;ve never really seen anything like it. WTI this morning, down more than 35%. People maybe wouldnamp;#39;t 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
