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Refinery demand is way down YoY, lots of near-term raw crude supply on the market sloshing around - physical traders are storing crude in tankers and barges and not delivering it short term until the extreme contango corrects. Platt's and Schork have detailed the situation pretty well.

Might be tough to find a replacement for CL in terms of liquidity - CL volume today was 919,641 and open interest is 1,514,230. Not counting the ClearPort and ICE Swaps volume. The problem with the contract in terms of hedging is the fungibility into the Cushing delivery spec. It is...

Professional major league sports in the United States is such a piss-poor case study for social progressive democracy in action. Typical utopian fantasy that ignores the root source (i.e., the social and economic condition of the fan/spectator base contributors) of the wealth being generated...

From a global macro level, I would imagine that the steep increase in raw commodity prices might help US export imbalances against oil imports and Chinese manufacturing imports. No doubt the high commodity prices are a negative long term on US consumer demand, I don't think that I ventured an...

Bill Maher and Paul Krugman, both dolts cut from the same cloth.

Daily Close above 1305 triggers next leg up in the trend after the current consolidation phase. If the market manages a couple closes above 1305, the next levels in the new leg up would be 1400 and then 1600. It is a positive for equities that Crude is not following along today; very...

Need a close above 1305.

The USArmyCorps of Engineers regulates all navigable internal waterways in the United States; and between them, the EPA, the State DNR, and all of the environmental action groups you would never receive permission to build a dam or weir on a river these days - doesn't matter if you own the...

It's the title of the thread that's an abortion to logic. Note that the thread had to get highjacked in order to arrive at it's current state of disrepair. Moderator - if you can't kill this tribute to malarial fever, please move this to the "Journals" section, because it is now officially...

I don't need to look at a chart to tell if the ES if up or down, I can tell by the latest poster handle in this thread. No doubt we are trading in a channel and looking for a break-out one way or the other; curiously, we spend alot more time at the top of the channel than the bottom. Seems...

Martin, that is news to me and I stand corrected. I must also report that the US National Hockey League has lots of Russkies.

I don't recall socialist societies having organized professional sports in an intramural geographic setting - in fact, the only venue I could recall a facist or totalitarian or socialistic would be a nationalistic one. Remember the Soviet era Olympic teams with the "CCCP" logo ? This is why...

"why did you leave the floor after only 1 year" Local, stop with the personal attacks, and stop making stuff up. I traded interest rate spreads for my own account on the floor of the CBOT and on Project-A with a Full Membership in the 90's for just shy of four years - I leased my seat from...

The spread is not broken. The spread accurately reflects a desire to hold products at what is presently perceived as fair value just a few months down the road when demand (the summer driving season, a change in refinery runs from heating oil to gasoline, and some gain in economic momentum...

LeeD is correcto-mundo. + 1

I know that when I order data from CQG's data factory, I ask for it 'cleaned'. For the record, I am getting it in ASCII format. There are also some data mining suites that you can write a simple macro to make the necessary adjustments. Some trading oriented analysis data suites as I recall...

Let me just state for the record that I have extensive experience basis trading physical versus financial natural gas, electricity, and all sorts of interest rate products - so of course I know how to calculate 'cost of carry' and 'clean' versus 'dirty' prices. And let me also state that at...

local, how is it that the personal attacks vindicate how wrong you were about the liquidity issue? I cite specific bid and offer markets, both contango and backwardation markets, where the spread bid/ask is better than the flat price futures. In terms of incompetence, the shoe is on your...

local, maybe you should stay on point and provide a legitimate explanation regarding the OP's original question - "broken" or not, the CL calendar is more liquid at the bid and offer than the flat prices futures, and like I demonstrated in the live market the same is true for most other market...

In terms of OP's original question, I gave examples in real time pricing quotes from my trading platform in the live markets of spread liquidity exceeding flat price futures liquidity at the best market bid and offer. Not sure why you insist on highjacking the OP's thread regarding liquidity...