Commodity Trade Mantra

Posts Tagged ‘Crude Oil futures’

What's Really Driving the Rally in Crude Oil Prices?

Does the huge rally in crude oil mean it’s time for us to bet on higher prices? Or is this rally doomed to fizzle? As crude oil has soared over 50% since Feb. 11, the number of bets on increased prices has barely budged. It’s been a hell of a bottom-bouncer so far. But we need to see more evidence before we’re ready to declare this new crude oil rally alive & well.

Why Is Oil Price Tumbling: Oil Hedges Were Just Rolled Over

As a result of a new bevy of hedges put on around $50/barrell which coupled with the recent decline in the oil VIX leading to slightly cheaper hedges, firms can once again continue to produce at even lower prices as they have rebased their hedges thereby buying themselves a few more months of oil production at even lower prices – offsetting Saudi record production pressures.

The Multi-Trillion Dollar Oil Market Swindle

Assuming $55 per barrel for oil, the market for crude oil is about $5.2 billion per day. Each $10/Barrel change is worth nearly $1 billion/day or $365 Billion/year for the worldwide crude oil market. Add the worldwide equity market caps of oil and oil market related equities and debt you have a scandal that is in the trillions; a number that cannot be ignored.

Gold Trading to Open up to Foreigners in Shanghai

Shanghai Gold Exchange is poised to get the jump on other mainland equity & commodity trading bourses by launching a gold trading platform in the city’s free-trade zone open to foreign investors. Foreign institutions & individuals could open accounts in the zone that are designated for gold trading.

Crude Oil Declines

Crude Oil remains weak on Escalating Eurozone Debt Crisis & Weakening Fuel Demand – Gets Support on Lower than Expected […]

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