Marshall Adkins: Disparity Means Higher Oil Prices

West Texas Intermediate (WTI) oil is trading at a significant discount to Brent crude, the latter of which is used to price two-thirds of globally traded crude oil. WTI, on the other hand, is the commodity underlying Nymex futures contracts and has, more often than not, traded slightly above Brent. Although the current Brent/WTI . . . → Read More: Marshall Adkins: Disparity Means Higher Oil Prices

Marcellus $$

New PSU report on state tax implications of Marcellus Shale: http://pubs.cas.psu.edu/FreePubs/pdfs/ua468.pdf

Rapid buildup of currency options open interest

Today, on NSE, derivatives trading showed the following numbers:

Product class Turnover (Billion rupees) Index futures 353 Index options 1981 Stock futures 391 Stock options 48 Currency futures 178 Currency options 30 Total 2981

This is really something: Rs.2.98 trillion notional rupees in a day. It’s starting to sound like a real market.

This . . . → Read More: Rapid Buildup of Currency Options Open Interest

Economic Events on February 25, 2011

At 8:30 AM EST, the preliminary GDP report for the fourth quarter of 2010 will be announced.  The consensus is an increase of 3.4% in real GDP and an increase of 0.3% in the GDP price index.  The real GDP estimate is 0.2% higher than the advance value for the fourth quarter of 2010, and the . . . → Read More: Economic Events on February 25, 2011