Open Interest & Volume Trends for First Half of 2013

  • 3 Jul 2013
  • By Petromatrix GmbH
  • Topics: Energy

Crude Oil Futures See Increase in June

In crude oil futures, during June 2013 the main increase of Open Interest was in WTI (+114'000 contracts) while Open Interest in Brent increased only by +28'000 contracts. So far in 2013 the main increase of Open Interest has also been in WTI with a gain of +438'000 contracts compared to +278'000 for Brent.

During January, Brent had a large increase of Open Interest as the commodity indices (S&P GSCI, DJ-UBS…) were rebalancing their allocations from WTI to Brent but the narrowing Brent-WTI and the disappearance of a contango in WTI led to an increase of flows into WTI during the month of June.

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Disclaimer: This information was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.