The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: carranza2	6/24/2005 2:25:55 PM
	Read Replies (1) of 110194

Latest CFTC crude futures report and comment from Platts: petrochemcialalert.platts.com Non-commercials, which are primarily comprised of hedge funds, added 11,456 contracts of crude futures and options to their positions as of June 14, according to data released Friday by the Commodity Futures Trading Commission. Non-commercials were long 49,232 contracts of crude futures and options, according to the Commitments of Traders report. The additional contracts were purchased in the crude futures market, but only 25% of the total position is being held in futures, the other 75% is in the options market. The additional buying by non-commercials sent the market soaring back above $55/bbl for the first time since April 7. Non-commercials bought 2,373 contracts of unleaded gasoline futures and options, leaving them net long 21,908 lots. Non-commercials sold 436 contracts of heating oil futures and options, but were still long 6,631 lots.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next