Commodities Update 8

Commodities Update 8

11 August 2015

Important legal information


The oil price for Brent Crude Oil dropped about 5% last week. The price for the American WTI Crude oil even dropped about 6%. These are the lowest prices since March 2015. The “Wall Street Journal” reported that the price for Oil with a delivery in 2016 and 2017 is even lower. This indicates the possibility of permanently low oil prices. US shale oil drillers are profitable at a minimum price of USD 65 a barrel. But a barrel of WTI crude oil with delivery in December 2016 is more than USD 5 below that. According to “The Wall Street Journal” this is less than what would be necessary for the oil drillers to remain profitable.

After the drop in gold prices of 7% in July, the gold price stabilized at a lower level.


The price for Arabica coffee increased about 5%. Worries about the Brazilian harvest led to an increased demand by hedge funds and other speculative traders, who bet on dropping coffee prices. The Brazilian Coffee Association announced on Friday, that Brazil will only harvest about 40 million bags of coffee this season. Last year’s draught is likely to be the cause for this. The lack of rainfall during the main growing season in September and October last year had such a drastic impact, that the plants could not recover. The Swiss merchant house Volcafe had predicted an output of about 50 million bags before.

 

Bull & Bear-Certificates

 Symbol ISINIndex reference instrumentFactorTypeCur.BidAsk 
BULL APPL X10 V5
DE000VP100W9 Apple Inc. 10.00 Long EUR 0.028 0.032
BULL APPL X10 V6
DE000VP2QN51 Apple Inc. 10.00 Long EUR 0.014 0.02
BULL APPL X10 V8
DE000VP32319 Apple Inc. 10.00 Long EUR 0.006 0.015
BULL APPL X10 V7
DE000VP3M6U6 Apple Inc. 10.00 Long EUR 0.01 0.02
BULL APL X10 V1
DE000VP45L00 Apple Inc. 10.00 Long EUR 0.002
BULL APL X10 V2
DE000VQ5ZX53 Apple Inc. 10.00 Long EUR 0.122 0.126
BULL APL X10V1
DE000VV19BC1 Apple Inc. 10.00 Long EUR 0.704 0.71
BULL APL X10V3
DE000VV35EZ2 Apple Inc. 10.00 Long EUR 3.16 3.19
BULL APL X10V2
DE000VV3RR04 Apple Inc. 10.00 Long EUR 5.18 5.23
BULL WTI X10V3
DE000VV34ER2 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 0.09 0.094
BULL WTI X10V4
DE000VV49LF0 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 2.25 2.27
BULL WTI X10V5
DE000VV61KU6 WTI Light Sweet Crude Oil Future Nov 2022 10.00 Long EUR 77.36 77.71
BULL OLJ X10 V28
DE000VP3BLC0 Brent Crude Oil Future Dec 2022 10.00 Long EUR 0.001
BULL OLJ X10V2
DE000VV4ST34 Brent Crude Oil Future Dec 2022 10.00 Long EUR 2.07 2.08
BULL OLJ X10V3
DE000VV6YKN6 Brent Crude Oil Future Dec 2022 10.00 Long EUR 34.40 34.56
BULL OLJ X10V1
DE000VX8XTN3 Brent Crude Oil Future Dec 2022 10.00 Long EUR 0.084 0.088
BULL DAX X10 V5
DE000VE9C7K5 DAX® 10.00 Long EUR 0.008
BULL DAX X10 V6
DE000VE9HQ72 DAX® 10.00 Long EUR 0.068 0.07
BULL DAX X10 V7
DE000VE98NJ1 DAX® 10.00 Long EUR 0.238 0.24
BULL DAX X10 V8
DE000VQ8N7L5 DAX® 10.00 Long EUR 0.046 0.048

 

04/10/2022 06:53:46