Sentences with phrase «of oil traders»

Bloomberg surveyed a bunch of oil traders and energy executives at the conference, and the general sense was that oil would trade between $ 50 and $ 60 per barrel, up from an informal consensus of between $ 40 and $ 60 last year.

Ian Taylor is president of the oil trader Vitol, the world's biggest oil dealer, which is hoping to play a major role in the future of the Libyan oil industry under the new government.

Not exact matches

TORONTO — The Toronto stock market closed higher as energy stocks advanced while oil prices hit a 16 - month high and traders took in a mixed batch of U.S. earnings.

Despite this, traders said oil was unlikely to tumble far as markets remain supported by strong economic growth and by supply restrictions led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia.

Traders said markets climbed on expectations that the United States will in May re-impose sanctions against Iran, a major oil producer and member of the Organization of...

As oil prices have fallen, defaults in the sector have risen — about a quarter of all corporate bond defaults in 2015 were energy related, according to Moody's — and that's made traders even more reluctant to buy.

Oil and gas traders, Bailey says, received alerts about the death of the King of Saudi Arabia more than four hours before crude prices spiked on the news.

Oil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodiOil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodioil cartel could be just as powerful in propping up the price of the commodity.

U.S. stock index futures pointed to a higher open on Monday morning as traders digest news of an extension of an agreement to freeze oil output.

When the social scientist and derivatives trader sat down at the same table at a friend's wedding in 2011, they got to talking about their shared interest in «epic failures,» like the BP oil spill in the Gulf of Mexico, the Fukushima nuclear disaster and Hurricane Sandy.

It's hard to verify independently the claims of retail traders who say they have made good money this year, when worries about a slowing Chinese economy and the slumping oil price have wiped up to $ 8 trillion from world stock markets in January alone.

Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20oil would more quickly pull out of a rout that started in late 2014.

The steep drop in the price of oil in the last month has become a major concern for traders.

Series 3 holder and oil analyst, he became an energy trader for Bear Stearns handling a variety of customer and house accounts in all energy futures and options rings.

It also helps to empty stockpiles by encouraging traders to sell oil immediately, instead of storing it to take advantage of higher prices in the future.

CNBC's Jackie DeAngelis reports the latest results of CNBC's exclusive oil survey on what analyst, traders and major energy fund investors expect to see in the oil space in upcoming months.

«It's not a mystery,» says Chris Bake, a member of the executive committee of Vitol, the world's largest independent oil trader.

CNBC's Jackie DeAngelis reports the latest CNBC poll results of analyst and traders on where they think oil prices and production are likely headed.

But from the start of this year, Marathon's cargoes have been sold on to oil trader Vitol via NOC, the Libyan oil source and trading sources said.

Oil traders are calling this the classic case of buy the rumor, sell the facts.

As a result, financial traders, who have no intention of ever actually buying or selling any barrels of oil, now account for 70 per cent of the market.

Pay will probably drop 20 percent for traders of high - yield debt, crude oil and loans, according to Options Group.

What does provide comfort to day traders of oil exchange traded funds (ETFs) such as United States Oil ($ USO), is the floor of pricing provided by The Arab Sprioil exchange traded funds (ETFs) such as United States Oil ($ USO), is the floor of pricing provided by The Arab SpriOil ($ USO), is the floor of pricing provided by The Arab Spring.

As you can imagine, this data is incredibly valuable for everyone from oil traders to geopolitical analysts — and as such, it has been bought up and sold for tens of thousands of dollars by major data providers.

Oil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repoOil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repooil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders report.

Related: Oil Prices Fall Again As Traders Remain Fearful Of Iranian Production

Many traders thought the run - up on crude oil was based only on the potential of an attack on Syria and fears that it would spin out of control.

COTs Timer is a financial blog focused on interpreting the Commodity Futures Trading Commission's («CFTC») weekly Commitments of Traders («COT») report, which provides trillions of dollars in positions in more than 200 markets, including gold, crude oil, natural gas, silver, forex, and equity indices.

Some oil traders are already steering clear of doing business with Iran as U.S. President Donald Trump signals he'll ditch the nuclear deal with OPEC's third - largest producer.

Since the price of oil has tumbled around 15 percent since late May, some traders and investment banks have started cautioning that oil prices may be headed into the US$ 30s.

Also, the oversupply is now dropping faster and more consistently on the back of strong oil demand growth and the Brent futures flipping to backwardation, which discourages traders from keeping oil in storage.

Oil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productiOil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productioil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude production.

Oil up a second session as potential for U.S. withdrawal from Iran nuclear pact grows Natural - gas prices settle at a 2 - week lowOil finishes higher Thursday, as traders worried that a potential U.S. withdrawal from the Iran nuclear agreement and the International Monetary Fund's threat to expel Venezuela from the international coalition of nations will lead to tighter global crude supplies.

I'll attribute the rather limited CADUSD reaction to oil displaying some weakness at the same time traders were digesting all of this.

Since the source of the fear is the Middle East, escalating tensions give oil traders a good incentive to be on the buy side.

The correlation analysis approach is employed when a forex trader waits for the perfect moment when the crude oil graph exhibits a delayed response close to expiry, the investor would then execute the trade based on the direction of EURO / USD relative to the present price of oil.

Oil traders will also continue to weigh a steady increase in U.S. production levels in the week ahead as the rise in U.S. drilling marked one of the few factors tamping back crude in an otherwise bullish environment.

After the Organization of the Petroleum Exporting Countries (OPEC)-- excluding Nigeria and Libya — and 11 non-OPEC nations arrived at a deal to cut oil production by 1.8 million barrels per day (bpd), traders expected oil to at least reach $ 60 per barrel levels.

PTSD sufferers in the battered upstream oil and gas industry will take little comfort to learn their economic future is in the hands of software written by programmers and traders who have never set foot on a drilling rig or production operation, nor put on a pair of coveralls or a hard hat.

When it became clear earlier bullish bets on oil post-OPEC were about to cost speculators a lot of money, traders and their machines took over and engineered bearish positions to mitigate losses.

During a major industry gathering in Houston this week Ali al - Naimi, Saudi Arabia's oil minister, ruled out the possibility of cutting output, damping hopes of more aggressive action to curb a glut estimated by some traders to be as large as 2m b / d.

During this same period, activity on the crude oil futures market — as measured by the number of contracts outstanding, trading activity, and the number of traders — has increased significantly.

In terms of the concentrated short position of the 8 largest traders in NYMEX crude oil, it comes to less than 4 days of world oil production, compared to the 163 days of production held short in COMEX silver.

Oil prices fell Friday as traders weighed the near - term oversupply of crude against expectations of lower production around the world.

Companies said to be selling crude from Saldanha Bay in Africa Brent crude time - structure strengthens, encouraging sales Oil traders are emptying one of the world's largest crude storage facilities, located Continue Reading

For example, if a large speculator who was very bullish on oil bid - up the price of the December - 2016 oil contract from $ 64 to $ 70, it would create an opportunity for other traders to lock - in a profit by purchasing physical oil and selling the December - 2016 futures with the aim of delivering the oil into the contracts late next year.

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.

After going through the ritualistic Monday morning downside test on the back of rising oil drilling rig counts, WTI rallied around $ 2 towards $ 69.35 in NY, as traders remain singularly focused on the Iran nuclear deal.

By CountingPips.com — Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators continued to boost their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

By CountingPips.com — Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators reduced their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.