Monthly Energy Review

Transcription

1 ENERGY March 215 Monthly Energy Review A Global Trading Summary of Energy Markets Highlights Futures Options How the world advances

2 Monthly Energy Review ENERGY TRADING HIGHLIGHTS March 215 Average daily volume for March 215 Light Sweet Crude Oil futures was 812,919 contracts, compared with 557,12 during March 214, an increase of percent. Average daily volume for March 215 Light Sweet Crude Oil options was 167,926 contracts, compared with 11,65 during March 214, an increase of percent. Average daily volume for March 215 Natural Gas futures was 284,317 contracts, compared with 228,781 during March 214, an increase of percent. Average daily volume for March 215 NY Harbor ULSD futures was 137,384 contracts, compared with 12,655 during March 214, an increase of percent. Average daily volume for March 215 RBOB Gasoline futures was 154,369 contracts, compared with 122,34 during March 214, an increase of 26.5 percent. Average daily volume for March 215 Brent Crude Oil Financial futures was 13,176 contracts, compared with 49,864 during March 214, an increase of percent. 1

3 Scorecard - Average Daily Volume and Open Interest Statistics March 215 Average Daily Volume Open Interest U.S. and Metric Spot Price & Conversion Electronic/Pit Ticker Symbols $ Notional ($ Millions) $ Notional ($ Millions) US$ Spot Month Close 31-Mar-'15 US$/MT Except NG=US$/ Cubic Meter 31-Mar-'15 2-Day Historical Volatility Light Sweet Crude Oil Futures CL 812,919 $38,695 1,74,134 $82, $ % Options LO 167,926 3,523,614 European Style Options LC 1, ,84 Natural Gas Futures NG 284,317 $7,56 998,123 $26, $ % Options ON 7,911 97,432 European Style Options LN 53,486 3,22,33 NY Harbor ULSD Futures HO 137,384 $9, ,522 $26, $ % Options OH 2,747 83,466 RBOB Gasoline Futures RB 154,369 $11, ,41 $28, $ % Options OB 1,67 32,26 DME Oman Crude Oil Futures OQ 6,416 17,49 Brent Crude Oil Financial Futures BZ 13, , % PJM Financially Settled Electricity Futures & Swap Futures JM+L1* 11 3,21 Options JO+PML+6O* 15,266 * L1 is adjusted to JM contract size; PML and 6O are adjusted to JO size. 2

4 Monthly Energy Review Futures - Average Daily Volumes 2,5, 2,, DME Oman Crude Oil Futures Brent Crude Oil Financial Futures RBOB Gasoline Futures NY Harbor ULSD Futures Natural Gas Futures Light Sweet Crude Oil Futures 1,5, 1,, 5, Options - Average Daily Volumes 4, RBOB Gasoline Options Natural Gas Options Natural Gas European Style Options NY Harbor ULSD Options Light Sweet Crude Oil European Style Options Light Sweet Crude Oil Options 35, 3, 25, 2, 15, 1, 5, 3

5 Futures - Open Interest 4,5, 4,, DME Oman Crude Oil Futures RBOB Gasoline Futures Natural Gas Futures Brent Crude Oil Financial Futures NY Harbor ULSD Futures Light Sweet Crude Oil Futures 3,5, 3,, 2,5, 2,, 1,5, 1,, 5, Options - Open Interest 16,, RBOB Gasoline Options Light Sweet Crude Oil European Style Options Natural Gas European Style Options NY Harbor ULSD Options Natural Gas Options Light Sweet Crude Oil Options 14,, 12,, 1,, 8,, 6,, 4,, 2,, 4

6 Monthly Energy Review Light Sweet Crude Oil Futures - Average Daily Volume and Open Interest Total ADV Electronic ADV Open Interest 1,2, 1,, 2,, 1,8, 1,6, 8, 1,4, 6, 1,2, 1,, 8, Open Interest 4, 6, 2, 4, 2, Natural Gas Futures - Average Daily Volume and Open Interest Total ADV Electronic ADV Open Interest 5, 1,8, 45, 4, 35, 3, 25, 2, 15, 1, 5, 1,6, 1,4, 1,2, 1,, 8, 6, 4, 2, Open Interest 5

7 NY Harbor ULSD Futures - Average Daily Volume and Open Interest 2, Total ADV Electronic ADV Open Interest 45, 18, 16, 4, 35, 14, 3, 12, 1, 8, 6, 25, 2, 15, Open Interest 4, 1, 2, 5, RBOB Gasoline Futures - Average Daily Volume and Open Interest 2, Total ADV Electronic ADV Open Interest 45, 18, 16, 4, 35, 14, 3, 12, 1, 8, 25, 2, Open Interest 6, 15, 4, 1, 2, 5, 6

8 Monthly Energy Review DME Oman Crude Oil Futures - Average Daily Volume and Open Interest 12, Total ADV Electronic ADV Open Interest 35, 1, 3, 8, 25, 6, 2, 15, Open Interest 4, 1, 2, 5, 18, Brent Crude Oil Financial Futures - Average Daily Volume and Open Interest Total ADV Electronic ADV Open Interest 18, 16, 16, 14, 14, 12, 12, 1, 8, 6, 1, 8, 6, Open Interest 4, 4, 2, 2, 7

9 Light Sweet Crude Oil Futures - 2-Day Historical Volatility Light Sweet Crude Oil Futures 14% 12% 1% 8% 6% 4% 2% % 18% Natural Gas Futures - 2-Day Historical Volatility Natural Gas Futures 16% 14% 12% 1% 8% 6% 4% 2% % 8

10 Monthly Energy Review NY Harbor ULSD Futures - 2-Day Historical Volatility NY Harbor ULSD Futures 9% 8% 7% 6% 5% 4% 3% 2% 1% % 12% RBOB Gasoline Futures - 2-Day Historical Volatility RBOB Gasoline Futures 1% 8% 6% 4% 2% % 9

11 Average Hourly Total Volume - All Hours - March , 3, 25, NY Harbor ULSD Futures RBOB Gasoline Futures Natural Gas Futures Light Sweet Crude Oil Futures 2, 15, 1, 5, New York Time Average Hourly Total Volume - Extended Trading Hours - March 215 3, 25, NY Harbor ULSD Futures RBOB Gasoline Futures Natural Gas Futures Light Sweet Crude Oil Futures 2, 15, 1, 5, New York Time 1

12 Monthly Energy Review CFTC COT Report - Light Sweet Crude Oil Futures Open Positions - Long 6, Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 3% 5, 25% Open Interest - 4, 3, 2, 2% 15% 1% 1, 5% % Source: CFTC 6, CFTC COT Report - Natural Gas Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 35% 5, 3% Open Interest - 4, 3, 2, 25% 2% 15% 1% 1, 5% % Source: CFTC 11

13 CFTC COT Report - NY Harbor ULSD Futures Open Positions - Long 16, Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 35% 14, 3% Open Interest - 12, 1, 8, 6, 4, 2, 25% 2% 15% 1% 5% % Source: CFTC 16, CFTC COT Report - RBOB Gasoline Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 35% 14, 3% Open Interest - 12, 1, 8, 6, 4, 2, 25% 2% 15% 1% 5% % Source: CFTC 12

14 Monthly Energy Review CME GROUP HEADQUARTERS CME GROUP GLOBAL OFFICES 2 South Wacker Drive Chicago New York London Chicago, Illinois cmegroup.com Singapore Calgary Hong Kong Houston São Paulo Seoul Tokyo Washington D.C Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. All references to options refer to options on futures. CME Group is a trademark of CME Group, Inc. The Globe Logo, CME, Chicago Mercantile Exchange, and Globex are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. New York Mercantile Exchange and NYMEX are registered trademarks of the New York Mercantile Exchange, Inc. All other trademarks are the properties of their respective owners. The information within this brochure has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT, and NYMEX rules. Current rules should be consulted in all cases concerning contract specifications. Copyright 214 CME Group. All rights reserved. AC395.9//614 13