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  • August 6, 2008 at 6:53 AM #13530
    jficquette
    Participant

    “Reuters)—A quiet data revision that has boosted by nearly 25% the number of oil futures contracts U.S. regulators think are held by speculators. And that revelation is raising eyebrows in the energy trading community.

    The revision means that speculators controlled 48% of the open interest in NYMEX crude oil futures and options as of July 15—compared with just over 38% under the previous classification.

    “That’s huge when you look at the numbers,” said Phil Flynn of Alaron Trading in Chicago.

    “It changes the whole way you look at the recent moves in this market.””

    http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080805/REG/402387333/1036

    Interesting. Apparently one party(Russian?) controlled 10% of entire open interest.

    John

    August 6, 2008 at 8:49 AM #253273
    PadreBrian
    Participant

    Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

    August 6, 2008 at 8:49 AM #253439
    PadreBrian
    Participant

    Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

    August 6, 2008 at 8:49 AM #253447
    PadreBrian
    Participant

    Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

    August 6, 2008 at 8:49 AM #253505
    PadreBrian
    Participant

    Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

    August 6, 2008 at 8:49 AM #253508
    PadreBrian
    Participant

    Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

    August 6, 2008 at 10:39 AM #253353
    PadreBrian
    Participant

    After reading even more, it looked like Russia used Enron tactics. lol…they still work.

    August 6, 2008 at 10:39 AM #253519
    PadreBrian
    Participant

    After reading even more, it looked like Russia used Enron tactics. lol…they still work.

    August 6, 2008 at 10:39 AM #253526
    PadreBrian
    Participant

    After reading even more, it looked like Russia used Enron tactics. lol…they still work.

    August 6, 2008 at 10:39 AM #253585
    PadreBrian
    Participant

    After reading even more, it looked like Russia used Enron tactics. lol…they still work.

    August 6, 2008 at 10:39 AM #253588
    PadreBrian
    Participant

    After reading even more, it looked like Russia used Enron tactics. lol…they still work.

    August 6, 2008 at 10:46 AM #253358
    jficquette
    Participant

    Yeah, Citicorp and Bank of America use them too for their off balance sheet stuff.

    John

    August 6, 2008 at 10:46 AM #253524
    jficquette
    Participant

    Yeah, Citicorp and Bank of America use them too for their off balance sheet stuff.

    John

    August 6, 2008 at 10:46 AM #253531
    jficquette
    Participant

    Yeah, Citicorp and Bank of America use them too for their off balance sheet stuff.

    John

    August 6, 2008 at 10:46 AM #253590
    jficquette
    Participant

    Yeah, Citicorp and Bank of America use them too for their off balance sheet stuff.

    John

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