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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (18834)	6/10/2016 3:07:52 PM
From: Goose94	Read Replies (2) of 202668

*Speculators gamble on $100 oil.* Bloomberg reports that some oil traders are buying contracts that will only pay out if oil surpasses $100 per barrel at some point in the next few years. The contracts do not suggest that such an outcome is necessarily likely, but only that some traders view it as a potential profitable position. The fact that traders are buying up these kinds of contracts suggests that the markets are starting to believe that today’s severe cutbacks in exploration and development will create the conditions for a supply shortage somewhere down the line.

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