Market Manipulation

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The $660 Million Short: How "Cuddles" and the Essex Boys Broke the Oil Market

Analysis

1/25/2026•14 min

The $660 Million Short: How "Cuddles" and the Essex Boys Broke the Oil Market

Uncover how Paul "Cuddles" Cummins and the Essex Boys made $660 million shorting oil during the 2020 crash, exposing market manipulation and critical vulnerabilities.

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