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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 second month Brent call-put skew has recovered from a low of -10.26% earlier today back to -8.4% as the futures market has regained ground. Despite the recovery, the skew is still below last week’s levels and the lowest since Dec 2021. The second month 25 delta WTI skew is at -9.4% after falling as low as -10.4% earlier today.
- The Brent Dec23 skew has fallen back to -6% and WTI to -7% with concern for the impact of the current financial turmoil of global oil demand undoing gains seen earlier this year due to China demand optimism. The Brent Dec23 skew had risen to -3.4% at the start of March.
- Second month implied volatility is up to the highest since October with Brent at 50.1% and WTI at 53.3%.
- Brent MAY 23 down -0.4% at 72.65$/bbl
- WTI APR 23 down -0.5% at 66.39$/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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