WTI-Brent

G

greg25

Hi all

Any good idea why does the spread plunged to -6, and a little bit more..

Any fundamental reason ??????


greg
 
Last week, open interest in the WTI Nymex futures rose by 4.94%, while the ICE Brent futures open interest rose by 7.35%.

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Lot of talk about specs and long-only commodity funds moving from WTI to Brent as a result of pending regulatory changes, position limits, etc...

What are the domestic (US) implications if this spread blows out to $20? Better for consumers to have the specs run up Brent while WTI languishes, or is this an overly simplistic view?
 
I am from Europe (Spain) so i prefer them.. to stay in WTI!!!!!!

greg

Quote from atrocious:

Lot of talk about specs and long-only commodity funds moving from WTI to Brent as a result of pending regulatory changes, position limits, etc...

What are the domestic (US) implications if this spread blows out to $20? Better for consumers to have the specs run up Brent while WTI languishes, or is this an overly simplistic view?
More...
 
Quote from atrocious:
----funds moving from WTI to Brent....
----What are the domestic (US) implications if this spread blows out to $20?
----an overly simplistic view?
More...
It would become feasible to build a trans-atlantic pipeline from the US, starting at Houston or New York City, to Europe, ending at either London or Rotterdam, and "bust" the spread. :D
 
Don´t Give them Ideas.. !!!! they will say the trasncanada whorkers , just turn right a litle bit at Cushing, Oklahoma and don´t stop untill London !!!!!



Quote from nazzdack:

It would become feasible to build a trans-atlantic pipeline from the US, starting at Houston or New York City, to Europe, ending at either London or Rotterdam, and "bust" the spread. :D
More...
 
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