Was it just me or did anyone else think the way OPEC first confirmed the cut was well dodgy? They said it was a 4.2 mln cut (from september)....
Well the press release seems to be at 4pm from the link you posted. Algeria is GMT + 1 and EST is GMT -5 so I make that 10am Eastern Stanard...
Congratulations. Do you want a medal??
Just found this guys..... http://www.cnbc.com/id/15840232?video=957884727&play=1 One thing I did overlook, which is a good point the guy...
What's to bet? If they can afford to finance the cost of purchasing oil now (i.e. the cost of borrowing money to pay for it (interest rate), or if...
This is just a play using the Settlements. People buy settlements through out the day, then smash the spread in the last hour hoping to get the...
Good explanation from the guy above. Just to add, I would say 'contango' is considered the normal futures market. Backwardation is 'abnormal'...
Cheers
Don't quote me on this but wasn't there some sort of agreement made when everyone was panicking at $100 plus that SPR wouldn't buy until the price...
Crude stocks at the delivery point in Cushing were up 2.4 mln bbls, so depends what way you look at it! Plus there's no demand at all, look at how...
There's no definitive value. The cost of carry can be different for every physical player. Each may be able to borrow money more cheaply, have...
Yep bunkinc is correct. It's priced in terms of barrels. Apologies people. Dec is currently -3.64 (RBOB discounted to Crude). There must be...
What rosy2 said.... It's RBOB vs WTI crack spread. http://www.nymex.com/crack_spread_overvi.aspx The crack differential is basis RBOB...
Agreed. I'd definitely not recommend having a dabble in oil. If you're successfully trading options, then you're clearly not stupid, but just be...
Good intro mate..... http://www.nymex.com/media/crackspread.pdf
It was all about going long the crack a few days ago. (not that I did!)
I believe that's because Brent is well supplied in Europe - therefore strong contango market. WTI is responding to the threat of the storm and...
At least it's not as bad as the London Stock Exchange. That's been f*cked all day!!
9.45am (ET) pre open. 9.55am (ET) open. What a joke!
RTRS - Ice exchange says preopening delayed again, no time set for restart
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