JP Morgan has doubled the capital it dedicates to commodities as it expands energy trading.

The average commodities value at risk, a measure of how much a bank could lose through trading, rose from $8.6m (€7.4m) in the first nine months of last year to $16.2m in the same period this year, according to a filing with the US Securities and Exchange Commission.

Shanny Basar in New York

JP Morgan

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JP Morgan increases risk in commodities

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