By Dan Dicker
"Expert research of emerging oil costs and the out-of-control oil markets that jeopardize either nationwide safeguard and the economic climate. the cost of oil is negatively impacting either businesses and shoppers. In Oil's never-ending Bid: Taming the Unreliable fee of power to safe Our economic system, strength analyst Dan Dicker recollects his stories as an oil dealer and divulges the alterations that experience taken position within the oil markets up to now 20 years, and especially the final 5, as funding banks, power hedge cash, and controlled futures money have come to dominate strength buying and selling and wreak havoc on costs. unearths why oil costs can't stabilize with out dramatic motion at the a part of either executive and company. info how the radical, yet mistaken, suggestion of oil as an asset category took a sleepy, club-like industry into the nationwide highlight. Describes how the us is unnecessarily handing its wealth over to international oil manufacturers in the course of a time while the capability offer of oil is bigger than ever. Written by means of an insider, Oil's unending Bid analyzes the most important monetary tale of the final ten years, how we misplaced regulate of our oil markets"-- �Read more...
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Additional resources for Oil's endless bid : taming the unreliable price of oil to secure our economy
But it does put a level of mutual responsibility for all the participants in the system that just doesn’t exist in other, less-regulated markets. In my early days at the exchange trading oil, such lax margin requirements lent us incredible leverage in our overnight trading and practically unlimited leverage in our day trading. That kind of leverage, combined with the outsized volatility that the oil markets were experiencing as I was having my blow up, made the clearinghouses far more guarded with their absolutely necessary and golden guarantee that every trader needed.
The rest of the story is pretty interesting. ” Overnight, markets touched $43 a barrel for oil briefly, but by the time the morning came, the war was essentially over, as Saddam’s troops surrendered in droves. The market opened $9 lower and went down from there, ending up more than $12 lower for the day. My positions from three days earlier, if I had held them, would have made a greater than $200,000 profit. But I neither would have had them nor held them. I was not that kind of trader. But the lesson was clear—timing is everything.
45 differential. In essence, Rob was taking the heating oil sale he was making and rolling that sale into a crude sale instead. Why did he want to do that? 40, and he was able to roll that October crude oil sale into a July sale, which had a rock-solid profit attached of 15¢, based on a near-month spread relating to April, which was far closer to the front of the curve, a lot more liquid, and the prices therefore more reliable. Simple? Of course not. Moreover, to put a topper on it, this one complicated trade gets more complicated still.