Article
World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
By Michael Kern of OilPrice.com
Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times.
“It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, told FT in an interview published on Monday.
“Frankly, it could...
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Authored by Zoltan Vardai via CoinTelegraph.com,
Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500.
The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release.
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