Gulf War and supercycle are career highlights, says Saperia

Since Nigel Saperia first began working as an oil trader at Shell in 1976, the business of trading oil has been transformed. He speaks to Mark Pengelly

Nigel Saperia
Nigel Saperia

Veteran oil trader Nigel Saperia says there are two particularly exhilarating moments that stand out from his career. The first was the invasion of Kuwait by Saddam Hussein's Iraq in 1990, which sparked the first Gulf War. From a level of just $17.50 per barrel (/bbl) at the beginning of June that year, the price of front-month West Texas Intermediate crude oil traded on the New York Mercantile Exchange (Nymex) had rocketed to $40.42/bbl by October 11, 1990, according to the US Energy

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