WTI: Oil traders store crude on tankers at sea. Again!
Updated
Hi Guys,
what happens when some of the world’s biggest oil traders seek to store crude on tankers at sea?
The play is to seek to take advantage of the crash in crude prices and make a profit down the line.
It happened in 2009 and in 2015 as reported by Reuters back then in this article: reuters.com/article/us-oil-tankers-storage/oil-traders-to-store-millions-of-barrels-at-sea-as-prices-slump-idUSKBN0KM23K20150113
Today Bloomberg reported that the same play is happening again.
How will price unfold this time?
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
what happens when some of the world’s biggest oil traders seek to store crude on tankers at sea?
The play is to seek to take advantage of the crash in crude prices and make a profit down the line.
It happened in 2009 and in 2015 as reported by Reuters back then in this article: reuters.com/article/us-oil-tankers-storage/oil-traders-to-store-millions-of-barrels-at-sea-as-prices-slump-idUSKBN0KM23K20150113
Today Bloomberg reported that the same play is happening again.
How will price unfold this time?
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Note
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