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Investment Strategy Arbitrage

  • LONDON, Sept 12- Commuters and tourists are regularly warned to mind the gap between train doors and the platform at certain stations on the London Underground. WTI futures for delivery in November 2017 are trading at a discount to Brent of around $5.30 per barrel compared with $2.75 on Aug 14. WTI is trading in a contango of about 44 cents per barrel between...

  • LONDON, Sept 12- Commuters and tourists are regularly warned to mind the gap between train doors and the platform at certain stations on the London Underground. WTI futures for delivery in November 2017 are trading at a discount to Brent of around $5.30 per barrel compared with $2.75 on Aug 14. WTI is trading in a contango of about 44 cents per barrel between...

  • LONDON, Sept 11- Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalise. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by...

  • LONDON, Sept 11- Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalise. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by...

  • LONDON, Sept 7- The volume of global price benchmark North Sea crude being held in floating storage has declined sharply since mid-August, according to shipping data and trade sources, a sign that a long-awaited market rebalancing is gaining momentum. Two supertankers being used to store North Sea crudes offshore the UK, Desimi and Gener8 Neptune, contain about...

  • LAUNCESTON, Australia, Aug 31- Crude oil's flirtation with backwardation has been hit by the market dislocations caused by Hurricane Harvey, the massive storm that is disrupting the U.S. crude oil import, export and refining hubs along the Gulf of Mexico coast. But by the close on Wednesday, the global benchmark oil was once again mainly in contango, with the...

  • LAUNCESTON, Australia, Aug 31- Crude oil's flirtation with backwardation has been hit by the market dislocations caused by Hurricane Harvey, the massive storm that is disrupting the U.S. crude oil import, export and refining hubs along the Gulf of Mexico coast. But by the close on Wednesday, the global benchmark oil was once again mainly in contango, with the...

  • *Rebels attack oil pipeline in Colombia. *Oilfields in Libya shut by pipeline blockade. International Brent crude futures were down 7 cents at $51.82 a barrel, having traded as high as $52.19 and as low as $51.36 earlier in the day.

  • Mills in Brazil's center-south region, the country's main cane belt, earmarked 50.04 percent of cane in the first half of August to sugar production, the smallest share in the last two months. Brazil's center-south region produced 3.16 million tonnes of sugar in the first half of August, compared to 3.41 million tonnes in the previous two-week period.

  • LONDON, Aug 23- COMEX copper stocks rose by a net 271 tonnes on Monday. There was some light two-way action at New Orleans and arrivals at both Tucson and Salt Lake City. For years the copper market narrative has been woven around the interaction between inventory registered with the London Metal Exchange and the Shanghai Futures Exchange.

  • LONDON, Aug 23- COMEX copper stocks rose by a net 271 tonnes on Monday. There was some light two-way action at New Orleans and arrivals at both Tucson and Salt Lake City. For years the copper market narrative has been woven around the interaction between inventory registered with the London Metal Exchange and the Shanghai Futures Exchange.

  • LONDON, July 11- Stocks of copper registered with the London Metal Exchange jumped by a net 72,625 tonnes, or 30 percent, in the space of just four days starting June 29. The London aluminum market has grown accustomed to huge tonnages appearing and disappearing in the LME warehouse network. But prior to last December the largest concentrated warranting in the...

  • *Riyal increasingly volatile since sanctions imposed. DUBAI/ ABU DHABI, June 28- Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the...

  • June 19- Billionaire investor John Paulson, whose hedge fund firm is the biggest owner of Valeant Pharmaceuticals International Inc shares, on Monday joined the ailing drug company's board as it restructures to repay debt. Investors appeared to see Paulson's becoming a director as a vote of confidence in Valeant, sending its U.S.-listed shares up 5.1. percent...

  • MELBOURNE, June 16- London copper edged up on Friday but was still eyeing its biggest weekly drop since early May as markets priced in a higher U.S. interest rate environment that would support the dollar. *Shanghai Futures Exchange copper was flat at 45,650 yuan a tonne. *CME says the New York Mercantile Exchange Inc. and Commodity Exchange Inc. plans to expand the...

  • June 9- Portfolio manager Sheru Chowdhry is expected to leave Paulson& Co, two sources said on Friday, signaling a quickening pace of departures at the hedge fund as its assets have shrunk and some of its portfolios have suffered losses. Executives T. Michael Johnson, Natalie Oelkers and Claudio Macchetto have also left or are expected to soon leave the New York...

  • MELBOURNE, May 23- London copper slipped on Tuesday amid modest profit-taking after posting its highest price in three weeks overnight. COPPER: London Metal Exchange copper was down 0.5 percent at $5,669 a tonne as of 0710 GMT, reversing a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • MELBOURNE, May 23- London copper held near its highest in three weeks on Tuesday as the dollar fell, with focus shifting to an upcoming monthly breakdown of China trade data. *London Metal Exchange copper was flat at $5,706 a tonne at 0135 GMT, after a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • LONDON, May 12- The London Metal Exchange is running short of tin. There is, for example, now more tin sitting in warehouses operated by the Shanghai Futures Exchange than in the LME system. Graphic on LME and Shanghai Futures Exchange stocks:.

  • LONDON, May 11- Trading in the North Sea crude oil physical market has seen a boost from a growing number of participants, but trader Mercuria warned on Thursday that more financial players meant derivatives could have an unduly large impact on the setting of the dated Brent benchmark price. Dated Brent, which governs around two-thirds of the world's oil trades,...