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 Target is cutting prices on up to 5,000 items to lure back inflation-weary shoppers READ MORE Oil Rises to $85 in Rally Driven by OPEC, Geopolitical Risks READ MORE CPI Up 0.4% in February, a 3.2% Increase From a YearAgo READ MORE Copper Short Squeeze in NY Prompts Rush to Send Metal to US READ MORE Add a Comment Cancel replyYour email address will not be published.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