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 JPMorgan Cautions Investors: Stock Market Troubles Not Over Yet READ MORE Federal Reserve's Anticipated Moves and Corporate Earnings Drive Market Watch READ MORE From Tokyo to Istanbul: The World Reacts to a Surging US Dollar READ MORE US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead READ MORE Central Bankers Plan Record Increase in Gold Reserves, Survey Finds READ MORE Add a Comment Cancel replyYour email address will not be published.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