October 04, 2022 10:39 GMT
Crude volatility ticks higher with market supply uncertainty ahead of the OPEC meeting tomorrow.
- Brent front month ATM implied volatility is up to 52% from 44% on Sep 23 while WTI is up to 53.8%.
- The volatility skews remain largely unchanged this week with Dec22 puts still about 1.7% over calls for Brent and 2% over for WTI. The put skew for Dec23 is close to 7%.
- Brent DEC 22 up 1% at 89.76$/bbl
- WTI NOV 22 up 0.8% at 84.34$/bbl