This post was originally published on this site.WTI crude oil fell from around $101 per barrel to roughly $96 overnight. At first glance, it looks like a $5 selloff in oil prices due to some fundamental reason, but in reality it was just something called futures rollover. The $5 gap is just the difference between two futures contracts rather than a sudden collapse in the value of crude oil. When traders refer to the price of WTI, they are usually looking at a futures contract traded on the NYMEX. But WTI futures are available for multiple delivery months and they have an expiration. For example,...

This post was originally published on this site.European equities are opening modestly lower on Friday, giving back a small part of yesterday’s post-Fed rebound. The moves are relatively contained across the board: Eurostoxx -0.2% Germany DAX -0.4% France CAC 40 -0.4% UK FTSE -0.3% Spain IBEX -0.4% Italy FTSE MIB -0.3% This looks more like some light profit-taking and consolidation rather than any fresh risk-off sentiment in the market to start the day. European stocks gained strongly yesterday, as falling oil prices and easing bond yields helped markets digest the Fed’s rate hike this week. There isn’t much in the way...