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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 OPTIONS
The near term crude bearish skew has continued to narrow slightly this week as OPEC+ members try to convince the market that they will adhere to pledged production cuts in Q1.
- Brent crude second month 25 delta call-put skew is today up to -4.8% from as wide as -7.7% on Nov 23. The WTI second month 25 delta call-put skew has closed from around -6.9% last week to -5.0%.
- The longer term Dec24 crude option call-put skews have also close slightly with Brent up from nearly -7% on Dec 1 to -6.35% and WTI up from -7.35 to -7.05%.
- Brent crude second month ATM implied volatility is holding at 32.4% and WTI at 33.6%.
- Aggregate crude futures traded volumes were yesterday roughly in line with normal levels with Brent at 1.15m and WTI at 0.95m. Options volumes were however slightly below normal with Brent at 133k and WTI at 96k.
- Brent FEB 24 up 1.1% at 78.86$/bbl
- WTI JAN 24 up 1.3% at 73.96$/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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