The trader who called the 2020 oil crisis

Against the expectations of most traders, crude oil of the kind stored at this facility in Cushing, Oklahoma, suddenly became nearly impossible to sell. LONDON: French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse.

Just a few hours afterwards, New York light sweet crude nosedived into negative territory for the first time in history, plagued by demand-destroying coronavirus, a vast supply glut and a Saudi-Russian price war. The Financial Times described him this month as a"comeback kid" who"performs best when markets are at their most volatile".

The trader said he had realised"at an early stage" that the COVID-19 pandemic would be"hard to stop" for governments across the world.

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