MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL OPTIONS: Brent Crude Put Skew Edges Wider

OIL OPTIONS
BulletEnergy BulletsCommodities

The Brent crude options put skew is strengthening again after briefly closing back towards parity yesterday.

  • Crude front month futures are gaining ground today but still within the range since mid October amid thin trading. Concern for a potential surplus in 2025 is weighed with uncertainty over the impact of the Trump presidency on US and Iran output.
  • The Brent second month 25 delta call-put volatility skew is trading around -0.5% today although is narrower than levels around -1% on Dec. 19- 20. The WTI second month skew is around -1.1% compared to as wide as -1.8% on Dec. 20.
  • Brent second month implied volatility has edged higher in recent days but remains near the lowest since July. Brent second month implied volatility is today at 26.0% and WTI at 27.6%.
  • Crude futures and options aggregate traded volumes are low as expected over the holiday period with Brent futures at 0.74m and options at 94k yesterday.
    • Brent MAR 25 up 0.4% at 74.27$/bbl
    • WTI FEB 25 up 0.5% at 71.32$/bbl

 

Keep reading...Show less
166 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Brent crude options put skew is strengthening again after briefly closing back towards parity yesterday.

  • Crude front month futures are gaining ground today but still within the range since mid October amid thin trading. Concern for a potential surplus in 2025 is weighed with uncertainty over the impact of the Trump presidency on US and Iran output.
  • The Brent second month 25 delta call-put volatility skew is trading around -0.5% today although is narrower than levels around -1% on Dec. 19- 20. The WTI second month skew is around -1.1% compared to as wide as -1.8% on Dec. 20.
  • Brent second month implied volatility has edged higher in recent days but remains near the lowest since July. Brent second month implied volatility is today at 26.0% and WTI at 27.6%.
  • Crude futures and options aggregate traded volumes are low as expected over the holiday period with Brent futures at 0.74m and options at 94k yesterday.
    • Brent MAR 25 up 0.4% at 74.27$/bbl
    • WTI FEB 25 up 0.5% at 71.32$/bbl

 

Keep reading...Show less