Kashyap_Swamy

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    • Fri Jul 4th 05:03 AM
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      Commented on:
      Oil and the Futures Market
      I don't think Sovereign Wealth Funds (SWF) of Oil producing nations would buy oil futures. Remember, buying a future contract also means that you need to take physical delivery! Why would a producer want to buy more oil? If they are just "rolling it" then there would be a HUGE contango in the front months (not just $1-$2).

      Don't forget that NYMEX WTI is sweet, light crude. Arab heavy crude (which does not have a futures contract) is trading at $132/ bl. (a $10 discount but not a lot different). I don't think its all speculation...
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    • Fri Jul 4th 04:44 AM
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      Commented on:
      General Discussion on FLS
      Hello,
      Does anybody understand the reason for the sharp sell-off in FLS on 3 July (Thursday)? The stock was down 11.6% on huge volumes.

      Thanks
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