SaxoTV

An oil breakthrough in Qatar and it's reflected in our trades

535 views
February 16, 2016 SAXO TV, brent, brent crude, brent geo-political, brent price, brent spread, brent wti spread, content, crisis, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crude spread, crudeoil, et, etf, etf benefits, etf cost, etf fund, etf investment, etf portfolio, etf trading, etf trading risks, etfs, etp, how to trade, news, news business, oil, oil and gas, oil asia, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil demand, oil drop, oil gains, oil grilling, oil industry, oil inventories, oil iran, oil market, oil markets, oil news, oil outlook, oil price, oil prices, oil production, oil range, oil refinery, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supply, oil trading, oil wealth, oilsupply, op, opec, opec intervention, opec meeting, opec news, opec oil price, opec price, opec production, opportunities, optimism, options, options market, options markets, owen thomas, saxo, saxo bank, saxo capital markets, scm, trade, trade idea, trade view, trader, traders, traders tale, trading, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, tv, video, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti price, wti supply, wti vs brent, wticrude
The price of oil has pared its gains this Tuesday after an agreement in Qatar between it, Saudi Arabia, Russia and Venezuela to keep output at January's levels. However, whether this will lead to major supply cuts is still unknown. 

There's been a 'huge surge' in oil related trades on the Saxo trading platform in recent weeks and it appears that some traders feel a bottom might have been reached in crude's price. 

Ben Ridgeway, a Sales Trader at Saxo Capital Markets in London, has noticed the change in flows and suggests some traders might want to look at the opportunities there could be in oil. 

WTI has been hovering around $30 per barrel for the past few weeks. Ben looks at different ways of trading crude. While using options, he says, is a favourite of many traders, there's also been a big rise in the number of oil-related ETFs that are changing hands.