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Bond managers say pace of rise in U S bond yields unsettling
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Bond managers say pace of rise in U S bond yields unsettling
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Oil bears and bulls grapple as market puzzles over pandemic exit
By Noah Browning
Reuters
LONDON (Reuters) - Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of prices.
Oil futures have already recovered to pre-pandemic levels, with Brent crude futures spiking $55 in less than a year to $70 a barrel this week while actual fuel demand remains weak.
But speculation over when and if people will begin to travel and commute as they once did is driving dueling bets in the market and historic volumes of trade.
Oil bears and bulls grapple as market puzzles over pandemic exit By Noah Browning
FILE PHOTO: Oil tankers are pictured in the waters off Tuas in Singapore
LONDON (Reuters) – Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of prices.
Oil futures have already recovered to pre-pandemic levels, with Brent crude futures spiking $55 in less than a year to $70 a barrel this week while actual fuel demand remains weak.
But speculation over when and if people will begin to travel and commute as they once did is driving dueling bets in the market and historic volumes of trade.
Source: US Commodity Futures Trading Commission
Washington, D.C. Commodity Futures Trading Commission Acting Chairman Rostin Behnam today announced he has established the Climate Risk Unit (CRU) to support the agency’s mission by focusing on the role of derivatives in understanding, pricing, and addressing climate-related risk and transitioning to a low-carbon economy. Comprised of staff from across the CFTC’s operating divisions and offices, the CRU represents the agency’s next step in response to what has become a global call to action on tackling climate change. The CRU is intended to accelerate early CFTC engagement in support of industry-led and market-driven processes in the climate and the larger ESG space critical to ensuring that new products and markets fairly facilitate hedging, price discovery, market transparency, and capital allocation.
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