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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 put skew has resumed the narrowing trend today up towards the closest since early March. The upside pressure on prices has been driven by OPEC+ production cuts, a weaker US dollar after the lower than expected US CPI data yesterday and with added support today from reports that Libya’s El Feel oil field has shut due to protests.
- The second month WTI 25 delta call-put skew has narrow to around -3.7% while the Brent second month skew closed to around -3.5% earlier today.
- Brent SEP 23 up 1.1% at 80.96$/bbl
- WTI AUG 23 up 1% at 76.49$/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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