atans1

Oil: Someone is wrong

In Energy on 24/04/2015 at 1:08 pm

Hedge funds have placed one of their largest ever bets on a rally in oil prices, just as evidence mounts that energy companies are hunkering down for a delayed recovery.

Exchange data show hedge funds and other large speculators have accumulated a record-breaking number of North Sea Brent futures and options contracts equal to almost 265m barrels of oil — the equivalent of almost three days of global oil demand.

At the same time, oil producers and other physical market players have rushed to lock-in prices, selling forward more than half a billion Brent barrels in a bid to protect against future price falls. It is the highest level since the Intercontinental Exchange (ICE) started publishing position data in early 2011.

(Today’s FT)

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  1. Oil will rally first, then drop down again.

  2. USA: “In God We Trust” is the angel of Almighty God Allah Jehovah, it is end times now:
    Get ready for a new age of wealth and prosperity that puts the USA back on top!
    If you thought life was good before the crisis, wait until you see what’s set to happen next…
    http://research.agorafinancial.com/research/video/ost_remade_060413?code=EOSTR400&n=OST_Remadelife_0713&email=FUJACK99%40yahoo.com&a=13&o=52181&s=55629&u=4666209&l=56367&r=MC&g=0&ver

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