IEA: Derivatives not to blame for oil's strength

duct-tape-cross

The Paris-based IEA says that despite many market participants insisting that speculative action on oil futures and derivatives are to blame for the upwards price movements of oil, fundamental data actually reveals that this is not the case.

"Fingers still point at shadowy 'speculative' inflows to futures and derivatives markets, but a more plausible foundation for price strength lies with now apparent third-quarter fundamentals," says the group in its latest monthly Oil Market report. "Upward

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: