Legendary oil trading company files for bancuptcy
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Started by GunterK - April 19, 2020, 3:26 p.m.

https://www.zerohedge.com/commodities/singapore-oil-trading-giant-files-bankruptcy-after-hiding-800-million-losses-secretly

one of Singapore's biggest and most iconic - and extremely secretive - oil traders, Hin Leong Trading filed for bancruptcy

According to a Bloomberg report, the son of the "legendary" founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than many expected

Sunday night.... oil expected to open near unchanged.

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By metmike - April 19, 2020, 4:01 p.m.
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Thanks Gunter!