I have never traded futures, so correct me if I'm wrong please.
WTI settlement is 21/04 (21 april), Brent 30/04.
I have read the market manipulators will rollover the futures to combat the price spike.
But won't that require an actual future trade to happen? You have to sell the future to someone, and that someone will end up with a futures expiring and oil not being delivered.
So how can that combat a price spike? By money printers paying less, and just eating the cost to fake stability?
But then who is issuing the futures or whatever the term – if refineries are actively losing money selling at lower prices than what they have to pay for physical oil, why would they sell futures for their products at a loss? Can't they price their futures higher?
And if their products suddenly spike in price, why wouldn't the resources follow suit?
On a side note, there have been protests in Ireland because fuel is spiking significantly.
Posted by akrylowy
2 Comments
Comex acts like an organized crime syndicate. They refuse delivery and get away without consequences. Kicking the can down the road to pull prices where they want them to be.
Market manipulators are everyone who is doing something to the price. Buyers, sellers and ppl who move the price with statements. The price could probably be 150-200 dollars by now, but as you have seen there is an orange creature who moves the price very much up and down. It Moves the price mostly down. It can also in effect make the reality for prices around 80 very quickly. Thats why the price isnt going that much up. You could buy 150 one day and then with full open strait, the price could drop to 80 in a couple minutes. The market considers that fact and that is what keeps the price down. TOC does not want the prices to go too high. It is very skilled in making money with Market Manipulation.