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'Widowmaker' Oil Trade Lives Up to Its Name
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'Widowmaker' Oil Trade Lives Up to Its Name

  #1 (permalink)
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'Widowmaker' Oil Trade Lives Up to Its Name

Big oil traders who bet on a rise in gasoline prices relative to heating oil ahead of the summer driving season may have thought they broke the curse of a "widowmaker" trade even as oil prices crashed.

More on CNBC...

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  #2 (permalink)
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  #3 (permalink)
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Quoting 
........
But then came Wednesday, when gasoline futures collapsed in the biggest absolute drop in more than two years.

The spread dropped by over 17 cents, the biggest one-day move since September 2009.
........

The price drop was so big it triggered a five-minute trading halt in all three oil major contracts for the first time since Sept. 22, 2008.

......

this speaks about the trading halt from yesterday our guys chatted about wildly here on futures.io (formerly BMT).

can someone try to explain this , because CL was halted as i know but also CL didnt drop that much to be over its limit up / down ranges.

just to understand what was up there i dont get all the facts in the article somehow.

thanks
max

max-td
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