Sources
Giovanni Staunovo🛢
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
Dr. Ilia Bouchouev 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).
Tracy Shuchart (𝒞𝒽𝒾 ) 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
