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Growth in oil futures outpaces oil consumption

Started by staff, June 06, 2008, 11:41:36 PM

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staff

Growth in oil futures outpaces oil consumption
      


 
Here's a look at the average daily volume of oil futures on the NYMEX expressed in terms of global consumption of oil. As the chart makes clear, the number of paper barrels traded every day on the NYMEX is now over three times the number of actual barrels consumed every day worldwide. On Friday, [...]
         

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