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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
Crude oil ATM implied volatility is easing down with Brent back below 35% today as crude markets assess global economic uncertainties against near term tighter supplies. Front month Brent futures have bounced between a wide range of about 73.5$/bbl and 77.5$/bbl since 5 May.
- Brent second month implied volatility is down to 34.0% today and WTI is down to 35.5%.
- The crude options call-put skews are holding relatively steady today having narrowed from lows at the start of the week as optimism over a resolution to US debt ceiling talks have boosted oil markets this week. The Brent second month 25 delta call-put skew is around -4.8% up from around -7% on 15 May while the WTI spread is up to -5.5% from -7.6%.
- The longer dated skews have followed the trend higher with the Brent Dec23 call-put skew closing in to -6.3% and WTI to -6.1%.
- Brent JUL 23 up 0.4% at 76.2$/bbl
- WTI JUN 23 up 0.4% at 72.15$/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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