Loading ...There is a paper mkt for oil….but the price driver is the spot mkt, unlike say PM’s.
Paper sellers can sell all the back months they want, but if supply is tight on spot, spot stays bid….as if u offer it, u have to be able to deliver it….so far that has been the PM’s big problem, especially Gold…they keep on finding enough to stop any nearby shortage….and of course there is enough Phys lieing around in CB accounts etc.