Oil price fall spurs interest in trading, says panel

Financial traders such as banks are likely to benefit from a marked drop in oil prices and a rise in volatility, according to market participants speaking at a London conference

Falling oil prices are increasing the appeal of the market for financial traders, following several lean years that dented firms’ enthusiasm for commodities, said market participants who spoke at the Oil & Money Conference in London on October 29.

During a panel discussion, industry participants agreed the global oil market was becoming more alluring for financial players such as banks. That stands in contrast to the past few years, which have seen banks slash their commodities businesses due to