Drumbeat: November 26, 2012

theoildrum.com 26 Nov '12, 2pm

Drumbeat: November 26, 2012

Posted by Leanan on November 26, 2012 - 10:24am Brent Poised to Oust WTI as Most-Traded Oil Futures For the first year since the futures were created, Brent crude is poised to overtake West Texas Intermediate oil as the world’s most-traded commodity. Daily trading in Brent jumped 14 percent to average 567,000 contracts in the year to Nov. 20 compared with all of 2011, while WTI fell 17 percent to 575,000, according to data from the ICE Futures Europe exchange in London and New York Mercantile Exchange compiled by Bloomberg. The number of Brent futures changing hands has exceeded those for WTI every month from April through October, the longest streak since at least 1995. Brent, produced in the North Sea, is gaining favor among traders because of its role as the benchmark for energy prices from Saudi Arabia to Russia. Prices have climbed 34 percent in the past two years, re...

Full article: http://www.theoildrum.com/node/9655

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[oilbarrel] Drumbeat: November 26, 2012: Brent Poised to Oust WTI as Most-Traded Oil Futures For the first year ... [link]
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Drumbeat: November 26, 2012: Brent Poised to Oust WTI as Most-Traded Oil Futures For the first year since the fu... [link]
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Drumbeat: November 26, 2012: Brent Poised to Oust WTI as Most-Traded Oil Futures For the first year since the fu... [link]
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Drumbeat: November 26, 2012 [link]
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