Can anyone familiar with the north sea crude physical market help me understand how the whole "wet barrel" thing works?
I've read that there's a time period in which a bunch of traders just buy and sell paper back and forth to each other in a rapid fire mode until the final guy gets the hot potato. Something like that. But can't find much info on why this happens (why are you forced to buy from some other guy?) and what's the point of participating in this market.
| +39 | Breakdown of Commodity Trading Houses | 8 | 2h | |
| +22 | Best macro desks | 7 | 2d | |
| +17 | Delta One Trading | 8 | 1d | |
| +16 | How Quantitative is Commodity Trading | 7 | 3s | |
| +13 | Lateraling from Trading to IB vs. IB to Trading | 4 | 6d | |
| +12 | Working in Switzerland for Non EU | 1 | 2d | |
| +11 | 35% Pay Cut - S&T Exit Opportunity? | 1 | 1d | |
| +11 | Loser on the trading floor - help please! | 3 | 6d | |
| +10 | Commodities tradehouse vs FX market making | 2 | 1d | |
| +9 | Commodity becoming more mainstream and impact of derrivatives | 2 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Ducimus delectus accusantium beatae quia tenetur sed totam qui. Delectus quaerat cum et fugit eveniet adipisci illum. Ut dolor id architecto sunt id. Recusandae nobis est eos consequuntur deserunt voluptate blanditiis consequatur.
Debitis nobis sit voluptatem rem. Fugit doloribus fuga est facere repellendus nam amet dolorem. Sequi ut et delectus eius assumenda fugiat praesentium magni. Dolor beatae consequatur vitae quos aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...