The world's largest oil trader saw profits dive 70% at the start of 2020 as prices crumbled

· The Financial Times reported that oil trading giant Vitol saw profits plunge in the first quarter of 2020, dropping from around $600 million in Q1 last year, to just $180 million now, a fall of 70%.
· The firm, the world's largest oil trader, was hit hard by the crash in oil prices, and by a bet by one trader that turned...