Hedge funds drive activity

Energy rankings

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Over-the-counter energy trading volumes bounced back during the past year to levels last witnessed before the 2002 collapse of Enron – an event that sparked the exit of a number of merchant traders from the business. Volumes were up, funds moved in,and investors wanted to diversify their portfolios using oil or energy index products. Corporates, meanwhile, realised they needed to manage the risk of a barrel of oil potentially nearly doubling in price overnight.

All this has resulted in energ