Traders Bet Big on Oil Futures Despite A Stagnant Market Despite geopolitical tensions and a tumultuous start to the year, oil traders are increasingly investing in oil derivatives, pushing open interest in oil futures contracts to its highest level since March 2022. This surge, involving about 660 million barrels of oil derivatives, occurs despite crude oil prices remaining within a narrow $10-a-barrel range. The activity reflects not only seasonal trends of portfolio rebalancing but also concerns over political risks, such as the redirection of oil tankers around Africa due to conflicts in the Middle East, economic uncertainties including interest rate outlooks, and the potential for Chinese economic recovery. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE US Job Cuts Rise Sharply in January READ MORE Oil prices rise amid reports Iranian consulate hit by missile strike in Damascus READ MORE From Luxuries to Groceries: The Evolving Landscape of BuyNow, Pay Later READ MORE Goldman’s CEO Says He’s Optimistic About 2024 as Markets Rebound READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment