40 Classic Crude Oil Trades

The trading of physical commodities represent a rare area of finance that is still dominated by the old school trading houses, who have been around since the days of the open outcry pits, and who still close deals on the phone and in person.

In 40 Classic Crude Oil Trades, Johnson takes us through a series of trades in crude oil, combining both the financial engineering side of the business with the more physical aspects.

As someone who has mostly spent time thinking about highly liquid and listed financial instruments, it is a rare window into a world where there are far more frictions in the system.