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BIGSKY9

878 Posts.

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15/05/20

15:17

Post #: 44643670
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Originally posted by BIGSKY9: ↑

Howdy guys,

A bit of a noob to the oil markets here, but I did buy some crude oil west texas - cash at mid/high $7 mark
but also shorted west texas crude - june 2020 around mid $16 mark...the way I saw it this it was kind of
an arbitrage...I didnt throw much at this trade just thought I saw an opportunity...luckily I bought lots
more than I sold

anyhow as of today I am down about a grand on this deal...because the wti june is now mid $27 mark
but the cash has only increased to high $9 mark..

My question is why is WTI - cash sitting at $9ish now when shop WTI spot is looking like its mid to high $20 mark

I now know what I sold....but what did I actually buy

this is with CMC CFD's

cheers grant

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just adding to my post above

https://www.cmcmarkets.com/en-gb/instruments/crude-oil-west-texas-cash

cheers
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