Traders

Global Markets: Oil prices rebound as some traders say slide is overdone

Posted on December 26, 2018December 26, 2018 by Mozambique Resources Post

Crude oil prices, caught up in the wider weakness of the financial markets, are staging a recovery today amid perceptions that the recent slide may have been overdone: WTI +6.1% to $45.11/bbl, Brent +4.8% to $52.91/bbl.

Global Markets: Natural Gas Price Explosion Bankrupts Traders

Posted on November 20, 2018 by Mozambique Resources Post

A Tampa, Florida based options trading firm, OptionSellers, went dark this weekend after it informed its clients of a “catastrophic loss event,” resulting from a short squeeze on the natural gas market, ZeroHedge reports, citing parts of the letter.

Global Markets: Challenging Oil Market Drags Trafigura’s Profit Down 53%

Posted on June 18, 2018June 18, 2018 by Mozambique Resources Post

One of the world’s biggest commodity traders, Trafigura, reported on Wednesday a 53-percent decline in profit for the six months ending March 31, 2018, as the oil market structure radically changed at the end of last year in response to OPEC’s production cuts.