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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: dvdw© who wrote (18501)6/24/2011 8:45:26 AM
From: dvdw©Read Replies (1) | Respond to of 24758
 
From: dvdw© 3/26/2011 11:01:01 AM
Read Replies (1) of 429

Thanks to Daily Speculations for the outtake and article below;

Total NYMEX open interest in crude is 1.4 m contracts or about 1.4 billion barrels of crude. Daily volume of crude traded on NYMEX is over 1 billion barrels per day. Total daily global demand is only 83 million barrels per day. The amount traded on one single exchange is more than 10 times total daily consumption. It’s a giant casino with prices being driven up by speculators and consumers having to pay more and more.” (i)

larsschall.com