- One of the beauties of the crude oil market specifically, and commodity markets in general, is that active traders and investors only have one equation to analyze: supply versus demand.
- In April of 2020, in response to the lockdown-induced decrease in demand, OPEC+ announced the biggest production cut in its history, or almost 10 million fewer barrels per day.
- Then on July 12, CME Group launched Micro WTI Crude Oil futures, which are one-tenth the size of the standard contract.
For further details see:
As OPEC+ Output And Oil Demand Shift, Traders Turn To Micro Futures