Bloomberg Market Concepts – Commodities Questions and Answers Rated A+

Bloomberg Market Concepts – Commodities Questions and Answers Rated A+ A futures contract is a legally binding agreement to buy or sell an asset during a specific month A hedger __ is any individual or firm that buys or sells physical commodities Click on the Bloomberg terminal screen to examine futures contracts on the tickers below. Which contract has the highest liquidity? OCDA Comdty Click on the Bloomberg terminal screen to examine refining margins for US Mid-Continent Topping refineries. What is the overall margin trend across all crude oil grades? it is mostly declining Click on the Bloomberg terminal screen to view data in the GLCO function. Which metal had the highest price movement? Nickel Click on the Bloomberg terminal screen to view the BMAP function. Which vessel is in Vladivostok? Crudemed Click on the Bloomberg terminal screen to view the OPEC function. How would you describe the trend of total monthly estimated OPEC crude production? Its mostly decreasing Futures markets were developed to standardize transactions to eliminate counterparty risks How does the market determine a physical reference price for commodities? It relies on price reporting agencies, such as Argus and Platts If oil has a relatively low gravity, what are the implications? If you are the buyer of a futures contract you are long One of the earliest recognized futures trading exchanges was the Dojima Rice Exchange The 'Seven Sisters' were a group of American and British companies controlling 85% of the world's petroleum reserves Today the bulk of futures trading happens electronically