tyb
MAGMA15 Dornier Do-328-110 up from Al Dhafra Air Base-Abu Dhabi and heading to Doha, Qatar
CNV510 Beechcraft UC-12M Huron doing go arounds at Al Udeid Air Base Doha after an inbound from Manama, Bahrain
kek
Biggest Commodity Index Shifts WTI Crude Exposure Away From July to August
S&P Global Inc., the company behind the most closely followed commodity index, said it will roll West Texas Intermediate crude oil futures for July into August for its commodity indexes.
The shift will occur during the regularly scheduled roll period in May, the company said in a statement. During the course of May, it would normally be rolling exposure from June contracts to July contracts. S&P Global triggered a big drop in oil prices on Tuesday when it told clients to roll all their exposure out of WTI futures for June into July with immediate effect. The changes affect investment products that track the S&P GSCI, the most popular commodity index that’s tracked by billions of dollars in passive, long-only funds such as pension funds. U.S. benchmark WTI has plunged 68% this year amid a supply glut and collapse in demand due to the coronavirus. June futures ended trading on Friday at $19.78 a barrel, up 94 cents.
https://www.msn.com/en-us/money/markets/biggest-commodity-index-shifts-wti-crude-exposure-away-from-july/ar-BB13xilz
this is a 'normal'-what is normal anyway?-habbening but heightened by the recent drop because of the speculation and no limit nature of CME contracts allowed to be amassed by anyone who has the financial ability to acquire them.
so they will keep doing this until they can't-they are all unwilling to eat the implied losses they are carrying so they just move it out to the next month and hoope for higher prices- Lather, Rinse and Repeat.
and of course it gets announced on a Sunday morning when no one (except a few) are looking.
CACTUS2 C-560 se from Walker AFB Roswell, NM after ground stop
LOBO474 C-560 out from Ft. Lauderdale Exec. Airport- LOBO715 not trailing out yet