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WTI oil futures nosedive in 2020 likely resulted from flood of US ETF investors, limited storage capacity, BIS study says

By Neil Roland
  • 13 Apr 2021 16:49
  • 13 Apr 2021 16:49
The unprecedented plunge of West Texas Intermediate crude-oil futures in April 2020 probably stemmed from both small investors’ flows into futures-based exchange-traded funds and limited storage capacity available for physical delivery of the commodity, a Bank for International Settlements study said.

The study appears to be one of the first into possible

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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