The sun sets behind a crude oil pump in Texas. The Bank of China effectively set up an oil derivatives trading platform for lay investors to trade futures contracts on the West Texas Intermediate, one of the main gauges of crude prices. Photo: Reuters The sun sets behind a crude oil pump in Texas. The Bank of China effectively set up an oil derivatives trading platform for lay investors to trade futures contracts on the West Texas Intermediate, one of the main gauges of crude prices. Photo: Reuters
The sun sets behind a crude oil pump in Texas. The Bank of China effectively set up an oil derivatives trading platform for lay investors to trade futures contracts on the West Texas Intermediate, one of the main gauges of crude prices. Photo: Reuters
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Warning for all after investors skid badly in oil futures market

  • A derivatives trading platform set up by the Bank of China has resulted in huge losses for many small players, underlining the need for action by the lenders themselves and their regulators

The sun sets behind a crude oil pump in Texas. The Bank of China effectively set up an oil derivatives trading platform for lay investors to trade futures contracts on the West Texas Intermediate, one of the main gauges of crude prices. Photo: Reuters The sun sets behind a crude oil pump in Texas. The Bank of China effectively set up an oil derivatives trading platform for lay investors to trade futures contracts on the West Texas Intermediate, one of the main gauges of crude prices. Photo: Reuters
The sun sets behind a crude oil pump in Texas. The Bank of China effectively set up an oil derivatives trading platform for lay investors to trade futures contracts on the West Texas Intermediate, one of the main gauges of crude prices. Photo: Reuters
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