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CME Group announced yesterday that Random Length Lumber futures and options would be expanded and offered on CME Globex from October 20. Lumber contracts have been traded in open auction since 1969, but they will soon be...
“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.