WTI Futures Open Interest in 2015
WTI Futures Open Interest opened 2015 at 427,442 and closed at 401,425, a -6.09% move for the year. The high of 464,131 was reached on April 14, and the low of 374,365 on October 20.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 427,442 | 447,696 | 447,696 | 427,442 | +4.74% |
| Feb | 463,629 | 450,309 | 463,629 | 450,309 | -2.87% |
| Mar | 442,380 | 442,038 | 451,325 | 431,878 | -0.08% |
| Apr | 461,000 | 442,784 | 464,131 | 440,752 | -3.95% |
| May | 449,202 | 398,631 | 449,202 | 393,254 | -11.26% |
| Jun | 411,958 | 390,114 | 426,060 | 386,329 | -5.30% |
| Jul | 388,690 | 394,042 | 408,425 | 374,521 | +1.38% |
| Aug | 430,345 | 402,307 | 430,345 | 402,307 | -6.52% |
| Sep | 400,578 | 374,673 | 413,482 | 374,673 | -6.47% |
| Oct | 388,924 | 403,440 | 403,440 | 374,365 | +3.73% |
| Nov | 419,126 | 380,691 | 424,050 | 380,691 | -9.17% |
| Dec | 391,436 | 401,425 | 401,425 | 391,436 | +2.55% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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