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A bunker broker gets funding from a trader.
Where do the traders get the cash?
If they get it from the banks, what type of collateral do they give?
Right now they trade in US dollars, but there are rumors of a currency change? Would it be to their advantage to keep this arrangement, or to change to another currency? Why, and if so what currency?
how does it all work? i am a college student looking into investment banking, and just acquiring more information. what does it mean to trade oil? is someone buying a barrell and betting on a change in price?
I live in Colorado, Gas prices are right aropund .55 per gallon, while it is down $.45 from it’s peak a few months ago, it still seems artificially high. Crude oil is now trading at around 5 per barrel, down from a high of around 0, before when it was trading this low, gas prices were hovering around .50 per gallon. I was wondering if anyone has seen an article addressing this matter. Thanks.