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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
Market interest in downside crude out options increased yesterday with put volumes 5k more than calls and the highest since Dec 8 and futures volumes recover from a drop during the holiday period.
- Brent $45/bbl / $50/bbl put spreads for March 2025 were actively traded yesterday along with short dated WTI puts.
- Brent options aggregate trading volumes were however still below normal at 130k yesterday while WTI options volumes were at 101k.
- Brent aggregate crude futures traded volumes increased yesterday to the highest since mid Dec at 1.08m with WTI futures up to 0.90m.
- Brent crude second month 25 delta call-put skew is this week holding around -2.5% and the WTI second month skew is at -2.95%.
- Brent MAR 24 up 1.9% at 78.24$/bbl
- WTI FEB 24 up 2% at 72.77$/bbl
Source: MNI / 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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