|Day's range||10.24 - 10.45|
|52-week range||9.70 - 13.06|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
LONDON/NEW YORK, July 24 (Reuters) - Barclays Plc (LSE: BARC.L - news) was liquidating its remaining U.S. crude options positions early on Monday, according to two market sources, causing volumes to spike as the British bank closes down its energy business. The investment bank was seen selling all or part of its oil book, causing a surge in volumes in the U.S. crude options market early in the trading session, the sources said. Barclays planned to close its energy business within its 'Macro (Shenzhen: 000533.SZ - news) ' trading division, it said in an internal memo late last year, to focus more on interest rates and foreign exchange businesses.
Many of last year's most successful oil market bulls have seen their winnings dissolve in the first half of this year, as the crude price has wallowed below $50 a barrel despite output cuts by some of the world's largest producers. Three of the top five worst-performing hedge funds in the first half of the year specialise in trading oil, directly or indirectly, according to a list compiled by HSBC.
Debt-fuelled investment in infrastructure and property has underpinned China's rapid growth, but there are concerns that years of freewheeling credit could lead to a financial crisis with global implications...