How Oil Prices Are Held Hostage By Derivatives

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How Oil Prices Are Held Hostage By Derivatives
By Kent Moors - Jul 27, 2017

http://oilprice.com/Energy/Oil-Prices/How-Oil-Prices-Are-Held-Hostage-By-Derivatives.html

Future Oil Prices are Held Hostage to the Whims of Derivatives, Not Supply and Demand

These have an even less direct connection to the wet barrels, to the actual oil.

They also introduce a disturbing parallel to the “asset-backed” securities largely responsible for the subprime mortgage meltdown a decade ago.
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He had some good points but its not what makes oil prices impossible to predict. LOL.
Markets are not about prediction; forecasts may be helpful but trends help more.

Derivatives also enable time savings ; who wants to buy all thier houses for cash. NOT me; but some cash deals are good .
 
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