Crude Oil Futures Reach New Record High

Crude Oil Futures Reach New Record HighGold Silver Reports – The Tokyo Commodity Exchange’s average daily volume for December 2015 was 101,127 contracts, up 0.3% from November 2015. Volume for Gold standard and Gold Daily futures, TOCOM’s most active contracts, were both down.

Gold standard decreased 5.2% to 27,290 contracts while Gold Daily decreased 25.4% to 11,837 contracts. However, TOCOM’s Dubai Crude Oil futures had significant gains, up 34.7% to 23,958 contracts, which contributed to the overall increase in exchange volume.

OPEC’s December announcement to postpone output cuts furthered downward pressure on global crude oil prices. TOCOM’s Dubai Crude Oil prices fell to 26,890 yen per kiloliter, a price not seen in almost 7 years on December 25. High volatility led to the highest monthly volume for Crude Oil futures, 503,119 contracts, since its launch in 2001. ~~ Neal Bhai Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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