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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
Near term crude options have turned more bearish following the delay to the upcoming OPEC meeting from Nov 26 to Nov 30 announced yesterday.
- Brent crude put volatilities had already seen a general strengthening trend since early November with downside risk to prices from weaker global demand growth and greater than expected supplies from non-OPEC and sanctioned countries.
- The Brent second month 25 delta call-put skew has fallen to the most bearish since March at -7.35% compared to around -5% yesterday morning. The WTI second month 25 delta call-put skew reached a low of -6.7% yesterday.
- The longer term Dec24 crude option call-put skews are relatively unchanged with Brent down slightly to -6.45% and WTI at -6.5%.
- Brent JAN 24 down -0.7% at 81.36$/bbl
- WTI JAN 24 down -0.6% at 76.63$/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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