Nymex London lease official

14 Mar 2005

New York Mercantile Exchange (Nymex) has finally signed a deal to lease floor space for its London Brent trading operation, although a spokesperson said that the exchange has yet to apply for Financial Services Authority (FSA) approval to open an exchange.

However, the spokesperson also told FO Week that an application was expected in the...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.