Monday 28 December 2020

Towie oil traders cash in

We had The Wolf of Wall Street, the Wolf of Shenfield and now it seems the Wolves of West Horndon. The Daily Mail contains a great story about nine 'Towie oil traders' operating as Vega Capital London out of an industrial park in West Horndon, who have made a claimed £487 million trading in futures, gambling on the price of oil going down during the pandemic. 

Even better three of the Essex high-rollers are nicknamed Cuddles, Ari and Dog, support West Ham and like to visit Marbella. The only downside to their nice little earner is a trading lawsuit from the US, though the so called 'oil oiks' insist they acted on a 'blaring market signal'. Essex Man is nothing if not entrepreneurial and really futures trading can't be that different to trading on Romford Market. Though you do wonder how they'll spend all that money in West Horndon — it's only got one pub and one restaurant. Expect a movie very soon.