Oil is Different Last week , we showed a graph of rising open interest in crude oil futures. From this, we inferred — incorrectly as it turns out — that the basis must be rising. Why else, we asked, would market makers carry more and more oil? Crude oil […]
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* U.S. to impose 10 pct tariffs on $200 bln of Chinese goods * Spot gold may break support at $1,247/oz – […]
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