Obi-Wan Kenobi
/ 178.36.42.* / 2010-04-19 11:06
OPEC przekracza limity,a spekulanci coraz mocniej obstawiają spadek cen ropy...
Oil Tumbling in Options on OPEC Quotas, U.S. Demand
OPEC violating production quotas at the same time as demand from industrialized nations stagnates is spurring bets in the oil market that the 13-month rally in crude is coming to an end.
Options that profit if prices fall in the next month are 24 percent higher than wagers oil will rise. Open interest in June $50 and $60 puts to sell at those levels exceeded 129,000 contracts on April 15, dwarfing the 49,000 bets on $100 a barrel. Puts account for about 55 percent of all June options contracts compared with 51 percent a year earlier.
The Organization of Petroleum Exporting Countries may be creating a glut after output jumped 5.6 percent to 29.2 million barrels a day in March from a year earlier, according to Bloomberg estimates. Shipments will rise 0.9 percent in the four weeks ending May 1, according to tanker-tracker Oil Movements.