Commodities Trading
Plus: London Metal Exchange, Interconnectivity, Interest Rates
This week, energy company Shell was forced to issue an unusual apology. Days after the invasion of Ukraine, the company took advantage of a huge discount in the price of Russian flagship crude to buy 725,000 barrels of oil. The company didn’t break the law and the deal was a profitable one, but it badly misjudged the zeitgeist.
“We are acutely aware that…