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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.
OIL OPTIONS
The near term crude option call skews have pulled back from the highs at the start of the week with easing upside risk as the market awaits an Israeli response to Iran’s attack on the weekend. Conflict in the Middle East has so far had no impact on physical oil supplies from the region to the global market.
- Multiple reports suggest that PM Benjamin Netanyahu is likely to postpone any retaliatory strike against Iran until after the Jewish holiday of Passover, which begins on 22 April and ends after sunset on 29 April.
- The Brent crude second month 25 delta call-put skew is today down to around +1.7% from a high within day on April 16 of +5.67%. The WTI second month skew is today at about +1.6% from a high of +4.5%.
- The crude Dec24 call-put skews have also widened slightly with Brent back to -2.3% and WTI to -3.0%.
- Brent JUN 24 down 1.3% at 86.16$/bbl
- WTI MAY 24 down 1.3% at 81.65$/bbl
Source: Bloomberg
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.
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