All the members are based in china... Are there any products that I could trade through IB that would give me exposure?
I keep reading that crude fundamentals are very bullish, and without the China-US trade bs and stock market skittishness, WTi would be trading $66 or higher. They keep predicting massive draws in inventories, which has yet to materialize, saying it's right around the corner.
Not really in US. A lot of the Canadian heavy crude still stranded. Domestic crude production still going strong. Brent is a totally different story.
Uh-Oh! https://www.caixinglobal.com/2019-0...-its-china-business-downstream-101418229.html It seems China is officially gonna bypass US Dollar Oil sales... By allowing Saudi's to enter China and own the Industry in there, China has Russia-Iran-Venezuela and now Saudi playing ball. If US doesn't get Venezuela anytime soon, and get booted out of Iraq... End of Petro Dollar is gonna come a whole lot faster then I thought... Nobody is talking about it except high US military/Government Officials. End of Petro Dollar would be devastating to the US economy, devastating... If Russia-Iran only, it's ok... But Middle east and Venezuela on the band wagon, they are done for
What energy indices you talking about? Crude is the most important part of the energy index. Of course they move together. What am I missing? You were talking about divergence of crude vs equity indices before....