Bolo schreef op 14 mei 2015 13:31:
Wel interessant verhaal over de rol van speculanten bij de totstandkoming van de olieprijs.
In Juni 2014 zat een record aantal long in WTI, die daarna massaal gingen dumpen. In Maart 2015 zat een record aantal short, die vanaf toen massaal gingen coveren.
www.reuters.com/article/2015/05/12/cr..."But in the seven weeks between March 17 and May 5, hedge funds cut their shorts by almost 116 million barrels to 93 million, a decline of more than 55 percent.
Over the same period, hedge funds added only 7 million barrels of net new longs, a 2 percent increase from 381 million to 388 million, according to the U.S. Commodity Futures Trading Commission (CFTC)."
En
"The Saudi/OPEC position overstates the role speculators have played. There have been sound fundamental reasons for the crash and partial rebound in prices over the last 12 months.
But there is no doubt the huge turn round in speculator positions, from record long in June 2014 to record short in March 2015, accelerated and exaggerated the movement in prices."
Groet,
Bolo