Gulf Oil and Gas accountACCOUNT

Investment Flows into Commodity Markets

Source: OPEC 7/23/2013, Location: Europe

The total open interest volume (OIV) in major commodity markets in the US increased by over 7% m-o-m to 9.0 million contracts in June, adding to a similar 7% rise in May. The growth was mainly attributed to higher OIV in crude oil, livestock and precious metals. The remaining commodities’ OIV decreased marginally over the month.

Total net length speculative positions in commodities decreased marginally by 0.2% m-o-m to 607,621 contracts in June compared to a massive gain of over 33% in the previous month. The data reflected the return of the bearish sentiments in the natural gas markets, while other markets were stable to very bullish as in the agriculture and crude oil markets.

Agricultural OIV rose by 3.6% m-o-m to 4,465,282 contracts in June. Money managers’ net long positions in agricultural increased by 8.8% to 280,670 lots in June as bearish market sentiments continued to build.

Henry Hub natural gas’s OIV decreased by 4.8% m-o-m to 1,436,280 contracts in June. Speculative net length positions decreased sharply over the month by a hefty 64% to 24,407 contracts, the lowest in three months, cutting bullish bets in natural gas.

Copper’s OIV increased by 11.9% m-o-m to 180,848 contracts in June. The group of investors reduced their short positions sharply by over 80% to 21,744 contracts.

Gold’s OIV decreased by 12.9% m-o-m to a record low of 378,664 contracts in June. However, strategic investments in gold rose by 4.2% m-o-m to 44,612 contracts in June, raising their bullish bets. Earlier in the month, hedge funds and money managers slashed their bullish bets in gold futures and options to their lowest levels in six years, as gold prices fell to a three-year low.

Financials and Investment News in Austria >>

Australia >>  9/17/2020 - The Australian Government announced new long term funding and an expanded focus for the Australian Renewable Energy Agency that will secure its future...
Namibia >>  9/16/2020 - Global Petroleum Limited is pleased to announce that it has successfully raised £1,327,500 million in aggregate before costs (the “Placing”), through ...

Falkland Islands >>  9/15/2020 - Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce its ...
United Kingdom >>  9/15/2020 - Seadrill Limited has entered into forbearance agreements with certain creditors in respect of the group's senior secured credit facility agreements, s...

United Kingdom >>  9/15/2020 - On 20 August 2020, Premier announced that it had agreed a heads of terms for a long term refinancing of the Group’s debt facilities with a subset of i...
United Kingdom >>  9/15/2020 - Valaris plc announced that the joinder period under its Restructuring Support Agreement (the “RSA”) and Backstop Commitment Agreement (the “BCA”) has ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Austria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.