Yesterday was a good volume day for WTI options with over 200,000 trading... This compares with an August average daily number of 127,669, down 11.7%
America’s energy boom on shaky footing… Bethany McLean, NY Times..
The piece can be found here and is interesting throughout... ”And yet only five of the top 20 fracking companies managed to generate more cash than
US stocks outperforming everything… The Capital Spectator via Ritholz
Barry Ritholz posts a piece by The Capital Spectator showing comparisons of returns for different asset classes, here... Here is the chart showing
US retail prices heading into Labor Day weekend at 4 year high.. EIA
From the EIA:
Options update…
WTI traded over $70 yesterday: Here is the CME’s snapshot of options trades ranked by change of open interest:
Weak emerging-market currencies… WSJ
Mike Bird and Saumya Vaishampayan, Wall Street Journal, write about the weakest emerging-market currencies here... Here is the chart:
Iran’s exports dropping faster than expected… WSJ
Benoit Falcon, Wall Street Journal, suggests that Iran’s oil exports are dropping faster than expected... “Iran oil shipments are declining at a
What’s Driving 24-hour Trading of WTI Opions?… Jeff White
Jeff White, CME, does an excellent job explaining 24-hour trading in WTI options, here... “At a time when WTI has reemerged as the global oil
US natural gas production growth… EIA
Here is the EIA’s “Today in Energy” on growth in natural gas production for the US: ”Gross production of natural gas in the United States has