Bailey McCann, Opalesque New York:
2020 is proving to be a trial by fire year for energy traders. Just when it looked like the rebound in oil prices might have legs, oil suppliers are once again booking tankers to store millions of barrels of crude oil and refined fuels at sea. China’s post-covid buying binge has slowed and global demand for oil isn’t back to pre-pandemic levels. Trading volume also slowed down in July and August as summer vacations took hold.
Still, some energy traders see po