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Author Topic: Oil Traders Lose Key Market Data With Government Shutdown Back to Topics
DoctorV

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Detroit

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Message Posted: Oct 12, 2013 11:48:56 AM

Oil traders are losing a key weekly report on supplies because of the U.S. government shutdown, threatening to reduce market volume and boost volatility.

Traders already lost a separate weekly government report on hedge funds’ holdings of futures and options positions. The EIA stoppage may add uncertainty to the market, potentially discouraging data-driven traders from placing bets and increasing market volatility.

Oil and gas markets may be more volatile as the reports are suspended and traders speculate on changes in supplies, according to Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York.

“We’re going to see increased volatility because the market won’t know what the actual storage number is,” Yawger said. “The assumption would be that both crude
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dandvicb
Champion Author Bridgeport

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Message Posted: Oct 14, 2013 6:23:52 AM

AWWWWWWWWWWWWWWWWWWWWWWWWWW

All about SPECULATION & GREED!!!
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oldmack
Champion Author Riverside

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Message Posted: Oct 14, 2013 2:20:49 AM

ok
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Jeff4U
Champion Author Atlanta

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Message Posted: Oct 13, 2013 11:42:33 PM

Too bad, so sad and cry me a river!
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drobbbb
Champion Author Maryland

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Message Posted: Oct 13, 2013 11:10:04 PM

who needs government
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PDQBlues
Champion Author San Diego

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Message Posted: Oct 13, 2013 8:58:15 PM


Oh, what a shame.

Yes, many corporations depend upon the government being open to make a profit. Eventually, the GOP will be hearing the screams from these corporations to open the government back up.
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Norm10
Champion Author British Columbia

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Message Posted: Oct 13, 2013 2:55:20 PM

Are they really stupid enough to believe anything the government tells them?
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ss70
Champion Author Detroit

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Message Posted: Oct 13, 2013 10:24:57 AM

now it will blind speculation at full force.
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VMIJim
Champion Author Alabama

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Message Posted: Oct 13, 2013 9:00:44 AM

Contrary to Oblamer's Chicken Little approach to the govt shutdown & debt ceiling, this may be a good short-term benefit of the govt shutdown. These speculator vultures have been making money at our expense too long so let them suffer for awhile.
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DoctorV
Champion Author Detroit

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Message Posted: Oct 13, 2013 8:29:16 AM

scu227: "Useless inaccurate info anyway"

Oh brother. You know this how?
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scu227
Champion Author New Haven

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Message Posted: Oct 13, 2013 8:25:53 AM

Useless inaccurate info anyway !!!!!!
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johnpuh
Champion Author Ohio

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Message Posted: Oct 13, 2013 4:07:52 AM

I have no sympathy for speculators.
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2b0b
Champion Author Tulsa

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Message Posted: Oct 13, 2013 2:56:07 AM

I guess those poor, underpaid speculators and hedge fund traders will just have to make do with the weekly reports from Platts and the API when they make their wagers, er, I mean trades.
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Amplion
Champion Author Oregon

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Message Posted: Oct 13, 2013 2:42:55 AM

LOL
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KAR120CSII
Champion Author Oregon

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Message Posted: Oct 13, 2013 1:15:05 AM

Perhaps they should try working until the shutdown is over like us poor twerps.
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Rayfuel
All-Star Author Houston

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Message Posted: Oct 12, 2013 8:37:19 PM

Waaaah!
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c0wb0y
Champion Author Denver

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Message Posted: Oct 12, 2013 6:18:16 PM

And when they don't know, they'll assume inventories are low and that will push prices up.
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Oct 12, 2013 5:57:37 PM

WATCH AND SEE.
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endymion
Champion Author New York

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Message Posted: Oct 12, 2013 5:50:09 PM

My heart breaks for these traders and their hedge funds.
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rubiconbill
Champion Author Grand Rapids

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Message Posted: Oct 12, 2013 5:08:44 PM

I see another excuse coming for higher prices at the pump. With less data the gamblers aren't going to bet as much. It seems that should help us; not hurt us. They will blame this to raise prices on us.
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Jeff1944
Champion Author South Dakota

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Message Posted: Oct 12, 2013 4:32:42 PM

So who is REALLY hurt by no data?
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evowner
Champion Author Salem

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Message Posted: Oct 12, 2013 4:17:15 PM

One more federal subsidized program the government has provided free to the fossil fuel corporations.
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rte3tdi
Champion Author New Hampshire

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Message Posted: Oct 12, 2013 4:16:45 PM

Time to raise prices to compensate!
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bwatchingu
Champion Author Arkansas

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Message Posted: Oct 12, 2013 4:04:37 PM

Whatever
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humblepie
Champion Author Toledo

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Message Posted: Oct 12, 2013 2:33:59 PM

no government report is honest anymore it seems, all spin
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nybearhunter
Champion Author New York

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Message Posted: Oct 12, 2013 2:20:21 PM

they will get on us the turn around for sure.
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Lugi1967
Champion Author Ohio

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Message Posted: Oct 12, 2013 2:19:46 PM

And the world still turns
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scu227
Champion Author New Haven

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Message Posted: Oct 12, 2013 2:07:25 PM

shut down the speculators too !!!!!
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CocoPaz
Champion Author Santa Barbara

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Message Posted: Oct 12, 2013 2:03:39 PM

interesting domino effect...
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kag2010
Champion Author Winnipeg

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Message Posted: Oct 12, 2013 1:37:46 PM

That's not all that's been lost..
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Night Owl
Champion Author Toronto

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Message Posted: Oct 12, 2013 1:29:13 PM

Poor greedy Wall Street oil speculators. Boo hoo.
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mastermariner
Champion Author Texas

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Message Posted: Oct 12, 2013 1:04:11 PM

Darn will have to take a week off
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Jeff4U
Champion Author Atlanta

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Message Posted: Oct 12, 2013 12:15:26 PM

The sky is falling!
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Taxrefugee
Champion Author Arizona

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Message Posted: Oct 12, 2013 12:14:26 PM

Then maybe they will quit wildly speculating
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jimgraham
Champion Author Akron

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Message Posted: Oct 12, 2013 12:11:17 PM

Looks like those guys are going to have to now know their game instead of following the herd!!

Maybe now the folks playing with our "futures" will have THEIR futures on the line... LOL
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DoctorV
Champion Author Detroit

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Message Posted: Oct 12, 2013 12:09:44 PM

What the heck are you mumbling about Nikontraveler?
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mcg00
All-Star Author Milwaukee

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Message Posted: Oct 12, 2013 12:08:59 PM

that's not all that's been lost with the Government Shutdown.
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Nikontraveler
Champion Author Los Angeles

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Message Posted: Oct 12, 2013 12:07:00 PM

Government Numbers like Unemployment at 7.3 % (Collecting Unemployment) and another 7% (Not Collecting Unemployment) for a total of 14.3% unemployment and growing numbers on the Not Collecting side. How many lies do you want to hear?
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lesabreAZ
Champion Author Phoenix

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Message Posted: Oct 12, 2013 11:54:13 AM

Wahhhhhh, I want my guvment numbers WAHHHHHHHhh
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