Tag: futures
Oil futures show no sign of market tightening despite OPEC talks: Kemp
OPEC reported to be discussing initial deal lasting six months, too short to have much impact on stock futures By John Kemp LONDON (Reuters) – If OPEC hopes to speed up the rebalancing of the oil market by announcing a production-limiting plan, someone should tell the futures market. Front-month futures have risen sharply in recent days […]
Short positions in US crude oil futures held nine-year high
Increased short positions may indicate current futures prices to generate positive returns from US drilling projects Short positions in West Texas Intermediate crude oil futures contracts held by producers or merchants totaled more than 540,000 contracts as of Oct. 11, 2016, the most since 2007, according to data from the US Commodity Futures Trading Commission. […]
New EIA website spotlights key drivers of petroleum product prices
Website enables users to track relationship between gasoline, distillate prices, inventory levels The US Energy Information Administration recently released the What Drives Petroleum Product Prices website that identifies and tracks several fundamental and financial market factors that influence spot and futures prices of gasoline and distillate, the two most consumed petroleum products in the US. This […]
Crude oil futures comparisons affected by changing contract expiration dates – EIA
With earlier expiration dates for Brent contract, prompt month prices for Brent, WTI represent same delivery period on fewer days each month. A change to the North Sea Brent crude oil futures contract will alter the way prices for Brent futures are compared to futures prices for West Texas Intermediate (WTI) crude oil, according to […]
High distillate fuel oil inventories in Central Atlantic weighing on spot price
Distillate inventories in Europe, Asia have reached highest level in several years, depressing global prices Stocks of distillate fuel oil in the Central Atlantic, which encompasses the New York Harbor region, have risen nearly every week since April, reaching 36.9 million barrels as of October 30. This level is 9 million barrels above the five-year […]
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