Mmmmm, this shows demand and future increasing price aversion. Sure sounds like a "bubble" to me.
http://cmegroup.mediaroom.com/index.php?s=43&item=3161
CHICAGO, June 15, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it had reached three consecutive records in open interest for its benchmark Henry Hub Natural Gas futures contracts. These contracts are listed by and subject to the rules of NYMEX.
Trading Date |
Open Interest |
|
Friday, June 10 |
1,006,402 contracts |
|
Monday, June 13 |
1,009,000 contracts |
|
Tuesday, June 14 |
1,013,660 contracts |
|
Prior to June 10, the previous record for Henry Hub Natural Gas futures open interest was 1,004,801 contracts set on May 4, 2011.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
Tags: http://cmegroup.mediaroom.com/index.php?s=43&item=3161
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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