Anyone managed to find a way to trade out of (i.e. roll) the cl spreads which are getting wider in the front months but less pronounced just a...
Is this backwardation here to stay or just a temporary geopolitic risk induced phenomenon? What are the principal drivers behind it?
Bump! Geopolitics and shift to commodities are kind of shaking the picture now despite seasonal factors, however is this backwardation here to stay?
Mann, it's not about wti exports, that's even illegal, but exports of refined products which keeps the two connected. There is certain dynamics...
Besides also nobody dares to explain how come the shapes of WTI and Brent curves diverge so much? Judging by the difference in steepness now, it...
Glad to see that someone else is also looking at this thing lol :) Now we don't have Syria, Libia and stuff to "explain" this indeed strange...
I am sure they know it all. Look just what they did with eurchf a few months ago: SNB floated a rumor of moving the floor to 1.25 and then sold...
I can't argue, if you've got really strong arguments btw And I laid here last week what I think is a very solid trade idea, so I don't see why...
So basically if the prices stay level or rise, you are guranteed a 4$ profit. Only if prices drop, and drop for more than 4$, you realize a net...
Lol why? The prices might fall till you get future's delivery? Then you change strategy and do something else. In the end you ended up with a same...
With only difference that it *might* happend that they don't converge when the April comes for expiry...or converge only partially. And what do I...
Ok this makes sense, but still doesn't account for oil trading firms and tank farms...Where are they now?? Today the difference in price between...
I doubt any book can explain every situation in the market, but till I read it, how would you explain this crazy backwardation? Now we don't have...
I've looked up this some more since the backwardation widened again today. It's completely irrational since the rumors are they are going to...
Also here: http://www.eia.gov/dnav/pet/pet_stoc_cu_s1_m.htm Btw, rbob and ho are seasonally demanded in winter (ho) and summer (rbob). But in...
Sorry, a mistake, spring months are much more EXPENSIVE than summer, that's counter-intuitive to seasonality. Tanker inventories:...
So the glut will move from Cushing to Coast and what's the difference? In terms of pipelines they should not have any effect, both Keystone and...
Same thing lol, even worse since Feb is more expensive month, then after that prices start to decline but still spring months are much cheaper...
You can, if you have a highly utilized storage tank you might decide to dump a percentage of oil at a higher price and simultaneously buy the next...
Ok, that's another issue, although: Take the front month (GCLF4) i.e. Jan crude and compare to G4 i.e. Feb crude...there is a spread of about...
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