Citadel Seeks to Acquire US Shale Oil Assets Amid Crude Price Spike

Citadel, the hedge fund and commodities trader founded by Ken Griffin, is seeking to expand its presence in the oil market through acquisitions of U.S. shale oil production assets.

According to sources, Citadel has held talks with private equity firms that own exploration and production companies about buying oil-weighted assets.

The move comes as crude prices spike due to tensions in the Middle East, making U.S. oil and natural gas assets more attractive to buyers.

Citadel is already a major trader in commodities, including oil, natural gas, and power.

Owning physical production assets can serve as a hedge for financial firms that trade commodities through futures and derivatives.