Page 26 - Commodity Traders News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- The price of Trafigura Group shares rose 188% in its financial year to September, the latest sign of how commodity trading houses are reaping huge profits for the relatively small group of traders and executives who control many of the industry’s biggest players.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingChina Weighs Ending Freeze on Boeing With 737 Max Deal in US

(Bloomberg) -- Vitol Group doubled the amount its staff earned last year as it notched up record profit of $15.1 billion thanks to the wild swings in energy markets caused by Russia’s invasion of Ukraine.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosApple Tests ‘Apple GPT,’ Develops

Little known Dubai and Hong Kong-based traders now dominate Russian oil trade, with traditional giants being pushed out of the limelight.

Despite recession fears, the consistent demand and tight inventory of distillate fuels, such as diesel, are encouraging commodity traders to invest in fuel futures.

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