Robert Mabro questions the suitability of the current oil price regime

摘要

Bassam Fattouh's article focuses on two features of the oil futures markets that influence price movements in ways sometimes unrelated to changes in the supply/demand fundamentals. These are, first, the contango that characterises the term price structure at certain times and, secondly, the flow of monies from financial institutions, such as banks and hedge funds, in and out of a commodity market.