«There is no doubt that the financial markets are continuing to have an impact on oil, particularly on physical oil,» he said. (cnbc.com)
For another example, if a large speculator who was very bearish on oil aggressively short - sold the December - 2016 oil contract, driving its price down from $ 64 to $ 60, it would create an opportunity for other traders to lock - in a profit by selling physical oil and buying the December - 2016 futures with the aim of eventually replacing what they had sold by exercising the futures contracts. (tsi-blog.com)
It meant that if someone could buy physical oil and store it cheaply they could make a risk - free annualised return of almost 40 % by simultaneously selling July futures contracts. (tsi-blog.com)