Nymex Oil, Natgas Contracts Hit Record Open Interest

Tyler Durden's picture

NYMEX OIL, NATURAL GAS CONTRACTS REACH OPEN INTEREST RECORDS

Something is about to break. Everyone has moved from one side of the boat, to the other. What happens next is anyone's guess. And this happens just as the CME announced it is expanding its daily lock limits for crude trading from $10 to $20 just for the day. We are speechless at this update as there is no possible way to describe this as reasonable risk management.