http://www.dinocrat.com/archives/2008/05/09/some-of-these-economists-are-correct/ Sat, 22 Nov 2008 04:34:28 +0000 http://wordpress.org/?v=2.5.1 http://www.dinocrat.com/archives/2008/05/09/some-of-these-economists-are-correct/#comment-308823 feeblemind Fri, 09 May 2008 15:09:01 +0000 http://www.dinocrat.com/?p=6408#comment-308823 Question: Can the oil producing countries be bulling up the price of oil by buying futures/options and then continually rolling their positions forward? And another question. In grains, when the market rockets higher on the futures, basis usually tend to widen out as end users are generally reluctant to chase higher prices. Do basis levels ever change in oil? A widening basis between spot and futures prices would indicate a slowing of demand, would it not? I realize my ignorance is glaring here, but one only learns by asking questions. Question: Can the oil producing countries be bulling up the price of oil by buying futures/options and then continually rolling their positions forward? And another question. In grains, when the market rockets higher on the futures, basis usually tend to widen out as end users are generally reluctant to chase higher prices. Do basis levels ever change in oil? A widening basis between spot and futures prices would indicate a slowing of demand, would it not? I realize my ignorance is glaring here, but one only learns by asking questions.

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