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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
WTI put skew reduces after OPEC future production comments.
- Saudi Arabia indicated that OPEC+ may need to cut production to stabilize the volatile market with the possibility of coinciding with a potential return of Iranian barrels.
- The Dec22 put skew has reduced from over 6% last week down to just 3.7% today. WTI crude futures have picked up from 86$/bbl to 94.4$/bbl in the same time period.
- The Oct22 skew has closed to 4.5% and the Dec23 in to 9.4%. Front month ATM implied volatility for WTI crude is holding steady around 45%.
Source: MNI / Bloomnerg
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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