While analysts and investors largely expect to see lower earnings at the world’s top oil and gas majors for the second quarter, due to weaker oil prices, they have fewer clues about the trading divisions of Big Oil. Typically, major oil price swings benefit trading desks; however, this past quarter’s wild ride in oil prices was largely driven by geopolitical events and uncertainty surrounding U.S. trade policies. The average oil price in Q2 was 10% below the average for the first quarter. Oil started April with a 20%…
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