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A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped, prompting market participants to suggest that one or more traders had been forced to close out big loss-making positions. #oott https://t.co/VYZ3M9eWvN
Funds now have more $$ in live cattle than in WTI in the mkt which is 25x+ smaller as oil is too boring. Alternatively, one can say when the excitement returns to oil and funds decide to allocate same %, they could buy up to 25x more oil (yes, fuzzy math but you get the point).
North Sea Oil Swaps Hit Record Volume as Prices Spiked A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped, prompting market participants to suggest that one or more traders had been forced to close out big https://t.co/KGO0l6RRk2
On March 31, 2025, a record volume of swaps used by traders to hedge benchmark physical oil prices changed hands as oil prices surged. Market participants indicated that the high trading volume may have been driven by one or more traders needing to close out large, loss-making positions. The trading activity reflects a shift in market dynamics, with some funds reportedly allocating more capital to live cattle than to WTI crude oil, which is a market over 25 times smaller. This shift suggests that if excitement returns to the oil market, funds could potentially increase their oil investments significantly.