Traders Really Dig China Oil Futures But Aren't Ready to Commit
Volume and open interest in new oil contract growing steadily
But it’s all focused in front-month futures, not further out
By
Bloomberg News
China’s new oil futures are a hit with investors but they’re facing commitment issues.
While daily volume in the yuan-denominated contract has increased five-fold since its debut in late-March amid steady growth in open interest, almost all trading is focused in front-month, September futures.
