Bloomberg News

Deutsche Bank Recommends Selling Brent Oil Timespreads

March 27, 2012

(Corrects spelling of bank, analyst’s name in first and second paragraphs.)

Investors should sell Brent oil future time spreads as the price difference between prompt supplies and later shipments may narrow as governments release stockpiles, Deutsche Bank AG (DBK) said.

Participants should also sell the price difference between different months for U.S. gasoline futures as falling motor-fuel demand in the country will “send strength in the gasoline complex to an abrupt halt,” according to a note today from Michael Lewis, a Deutsche Bank analyst in London.

To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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