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Entries Tagged ‘oil’

Olive oil futures market

MFAO, based in Spain, is the only market in the world where futures contracts on olive oil can be traded.
The market, which was created four years ago, has been mainly used by olive growers to protect themselves against price swings. Olive oil prices are exceptionally volatile, so both growers and producers have an incentive to [...]

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Repsol raises on Brazilian oil field discovery

Repsol YPF, the owner of 25% of the Carioca oil field offshore Brazil, had a record gain in Madrid trading after the Brazilian authorities said the field is probably the largest oil discovery in the last three decades, and the third-largest ever drilled.
Repsol rose as much as 3.25 euros, or 14 percent, to 26.75euros, the [...]

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