A trader who made a quarter of a billion dollars on Russian oil compared it to gambling at a casino

Christopher Eppinger, the youngest oil trader who made a quarter of a billion dollars trading Russian crude, has announced that he is winding down his operations in this sector. Despite supply shortages caused by the closure of the Strait of Hormuz and rising prices for Russian oil, he no longer wishes to take risks.

This was reported by the Financial Times. 

Eppinger explained his decision by his unwillingness to wait for further destabilization of the situation. He noted that one should leave the casino while ahead and expressed satisfaction with the profits earned. According to analysts, this decision reflects a shift in priorities among market players who have been trading in oil from Russia.

Oil and petroleum product transshipment has resumed at the Russian port of Novorossiysk following a temporary halt due to a drone attack.

The United States will soon officially announce the extension of the license to sell sanctioned Russian oil.