Increased interest in Commodity Trading on this forum
Has anybody else noticed an increased interest in commodity trading on this forum or is it just me? It seems it's being talked about more recently than before. Seems like there is more talks of shops like BP , Shell and Glencore than Citadel , Optiver and IMC. Does anybody know why this may be the case?
Talk of being at the start of a new supercycle, I imagine is driving it
Commodity trading has killed it recently. With BP hitting back to back 4bln in rev and Shell grabbing 2.6bln plus ags making a run, traders are getting paid well. Plus, I think that people who typically ignore WLB are now coming to realize that it matters more to them than they think. There aren't many jobs with low hours (relative) with high upside imo. Plus, quant trading/MM requires a background that most don't have.
Re Shell, 2.6b for oil, another est 2.6b for LNG, and gas/power was probably in the 1b-2b range as well, absurd.
Didn't know that. Truly insane how well they've done.
Hiring down for multiple years as vol died off. Hiring back up...
All of the things harden and marcellus said. Plus phy commodity trading is more resistant to a lot of the forces affecting S&T at banks. The business has been around for millennia in some way shape or form. And this board has a lot more on the subject than just about any other place on the internet.
Agree with above, as someone who was recruiting for commodity trading this cycle, this is the only place on the internet with any information or discussion on the industry
It's not plagued with HFT and still has a somewhat human aspect to it. If you're interested in economics/finance/trading/logistics doesn't get much better.
I think this effect has increased since I first posted it. It seems like the only thing I see now on this forum are energy trading related posts( not saying this is a bad thing , I think it’s great actually). I wonder does WSO use an algorithm to recommend posts to users
I think this effect has increased since I first posted it. It seems like the only thing I see now on this forum are energy trading related posts( not saying this is a bad thing , I think it’s great actually). I wonder does WSO use an algorithm to recommend posts to users
Lol no algo, just whatever was posted on by people last.
What like someone searching for an energy topic, replying in it and then having a topic you don’t really have interest in but since you’re addicted to this site click on it and make a sarcastic response???
But yeah people see whatever’s been posted most recently so pretty compounding effect since you talk about what you read about
It’s also the most “tangible” asset class in my view. Easy to get interested when you can visualize oil pumping up from the ground, moving through pipes and ships, consumed in refineries. And what happens to that chain as any number of things change.
commodity supercycle dynamics, other markets are more crowded, and years of underperformance/lack of interest in commodities make this hiring spree stand out
Curious to see how long this will last
Comes and goes. See the comment below about ags, that space was awful for a few years and now boom.
I doubt that there will be a supercycle in crude and products. So much hype this summer about 80, 100 dollar oil that collapsed as soon as a new COVID variant developed (an obvious risk that was there all along).
Physical ags is an electric factory right now; big positions, huge price volatility, it is honestly extremely fun and dynamic. Lots of things happening regarding renewable fuel and specialty crops so it’s pretty exciting regardless of the commodity you trade.
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