NYMEX Archives - The Industry Spread

Brent Vs. Shale Futures Analyzed by CFTC

June 17, 2019

Unlike many traditional commodities such as corn, or wheat, or cattle, crude oil enjoys both a longer production life cycle and it doesn’t really spoil. You can store oil for years with no ill effects and once an oil reservoir is tapped, generally speaking, production will continue for years, barring some sort of mechanical or technical complication. As such, from the inception of the contract, the NYMEX WTI contract did a healthy amount of open interest farther out the curve than most commodities

CFTC Obtains $2.1 Million Judgment Against Iowa Commodity Trader for Fraudulent Scheme

December 25, 2018

The Commodity Futures Trading Commission (CFTC) announced today that on November 26, an Order and Judgment by Default (Order) was entered against Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa in connection with a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf of customers.

CME Group Achieves Asia Pacific Average Daily Volume of 726,000 Contracts in Q3 2018, Up 4 Percent from Q3 2017

October 17, 2018

LONDON and SINGAPORE, Oct. 15, 2018 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it achieved Asia Pacific quarterly average daily volume (ADV) of 726,000 contracts in the third quarter of …