Open interest in Europe’s main diesel futures contract has plunged by more than one-third since the beginning of October as traders are getting out of their positions with the fall of diesel prices, according to exchange data quoted by Bloomberg. The open interest of speculators and investors in European diesel has now dropped to the lowest level since 2015, the data showed.
Declining prices of Europe’s diesel resulted in the fastest exit of traders out of the futures contract in years. The lower prices have prompted many traders and…Traders Rush To Dump European Diesel Contracts
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