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Chitchat the swiss are manipulating oil price

frenchbriefs

Alfrescian (Inf)
Asset
How to profit from contango?the contango gap is about 1.5% per month,basically they just buy 10 million barrels this month and sell it next month and hope for a 1.5% profit?
 

krafty

Alfrescian (Inf)
Asset
How to profit from contango?the contango gap is about 1.5% per month,basically they just buy 10 million barrels this month and sell it next month and hope for a 1.5% profit?

glencore just hold on to their supply to market, and price rose when there is short of supply, they sell - common sense.

what contango? it literally means a discount spread which is lower price than they bought oil. you no read england?:biggrin::p
 
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