While we are on the subject can anyone suggest any good books on energy trading? I just got "Fundamentals of Trading Energy Futures and Options" and it sucks.. its basicly a intro to futures book which has a list of energy contracts in the back.
Looking for a book is great, But oil is extremly news driven. You need to always be on the top of news and reports. things like middle east and nigeria situation , supply and demand reports, OPEC meeting and ... can move oil price very quickly...
if the caller is a good one he will say the name of the firm (s) doing paper ... ( i.e. goldman , etc )
since JP Morgan merged with the Federal Reserve...who knows what energy will do.... witness the $7 pounding the nat. gas market took on 8 consecutive days when Morgan announced it was dabbling in gas....at a then $15 .... no wonder.... Greenspan all of a suddenly starting whining about nat. gas prices in late '05....so the fix was in.... what Morgan can't control yet, is hurricanes, ......yet