Chitchat the swiss are manipulating oil price

[krafty]

because to some this stockpiling reeks of manipulation of the price by keeping a major amount of monthly supply off the market. And snce Brent and WTI tend to trade largely in tandem, the answer to "why not" is because millions of consumers would end up paying far more at the pump than if Glencore was not choking supply just to boost its own earnings.

http://www.zerohedge.com/news/2016-...-swiss-trader-holds-over-30-june-brent-supply

 

[winnipegjets]

All in LON! Thanks for the tip.

 

[frenchbriefs]

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]

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?:p

 

[frenchbriefs]

So they are just trying to manipulate oil in the june july contracts?huat ah!!!!!!

 

[krafty]

So they are just trying to manipulate oil in the june july contracts?

let me give them a call and i will tell you abt it.

 

[frenchbriefs]

Are u long or short oil now?if what the article say is true,I may have to add a couple more oil etfs.

 

[krafty]

Are u long or short oil now?if what the article say is true,I may have to add a couple more oil etfs.

i can't tell you over here in public space, i am on a mission, call it "Kilo Tango Victor"

 

[Alamakinky]

i can't tell you over here in public space, i am on a mission, call it "Kilo Tango Victor"

Not '' Hotel Foxtrot Juliet ''?