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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
Crude oil ATM implied volatility is increasing back towards the highs seen earlier this month as uncertainty surrounds both global supply and demand. Brent is up to around 38.7% and WTI up to 40.4% from lows seen on 9 May. The IEA is due to publish the updated Monthly Oil Report tomorrow.
- The crude options call-put skews are steady today after seeing a gradual decline last week with market focus on the downside risks from a potential US recession and softer growth in China.
- The Brent second month 25 delta call-put skew is holding around -7% down from around -4.7% early last week while the WTI spread is at -8% down from -6.5%.
- The Dec23 skews also declined last week with Brent down to -6% and WTI down to -6.8%.
- Brent JUL 23 up 0.3% at 74.36$/bbl
- WTI JUN 23 up 0.3% at 70.26$/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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