(Bloomberg) -- Oil traders have tripled their use
of futures contracts for delivery three years from now since
2000, enabling refiners and other users to bolster their
protection against swings in prices, Societe Generale SA said.
The number of oil-futures contracts traded three years
ahead rose to 61,696 last year from 17,035 in 2000, said Michael
Haigh, a commodity strategist at Societe Generale, citing U.S.
Commodity Futures Trading Commission, or CFTC, data on the
benchmark West Texas Intermediate oil market. Hedge funds were
the most active traders of the contracts, he said.
Read more at Bloomberg Energy News
of futures contracts for delivery three years from now since
2000, enabling refiners and other users to bolster their
protection against swings in prices, Societe Generale SA said.
The number of oil-futures contracts traded three years
ahead rose to 61,696 last year from 17,035 in 2000, said Michael
Haigh, a commodity strategist at Societe Generale, citing U.S.
Commodity Futures Trading Commission, or CFTC, data on the
benchmark West Texas Intermediate oil market. Hedge funds were
the most active traders of the contracts, he said.
Read more at Bloomberg Energy News
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