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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
OIL OPTIONS - The crude near term put skew is continuing to slowly reduce to extend the trend seen since late November. Strong global oil supplies and demand growth concerns are weighing on futures prices today to offset ongoing risks from Middle East tensions.
- Red Sea shipping risks have eased slightly although industry data suggests half of the container ship fleet that regularly uses the route are diverting due to the threat of attacks according to Bloomberg.
- Brent crude second month 25 delta call-put skew has narrowed to -2.8% from as wide as -7.7% on Nov 23 while the WTI second month 25 delta call-put skew has closed in from -6.9% on Nov 29 to -3.4%.
- The Brent Dec24 crude option call-put skew is today down to -6.1% and the WTI spread is down to -6.9%.
- Brent aggregate crude traded volumes were low at 0.66m yesterday with WTI futures at 0.52m. Brent options aggregate trading volumes were 68k yesterday and WTI at 50k.
- Brent MAR 24 down -1.2% at 78.6$/bbl
- WTI FEB 24 down -1.4% at 73.05$/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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