Free Trial
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
The near term crude option put skews are holding steady today but longer term spreads continue to turn more bearish amid ongoing concern for future oil demand growth and uncertainty over OPEC+ supply targets into next year.
- Both the second month Brent and WTI 25 delta call-put skews are holding up around -2.33% today.
- The Dec24 25 delta call-put skews are extending the trend lower today down to the most bearish since mid April. The Dec24 Brent call-put skew is down to around -7.7% today from around -7.1% at the start of this month, while the Dec24 WTI skew is similarly down to around -7.9%.
- Brent crude second month implied volatility is edging up to 27.1% with WTI up to 27.3%. Trading volumes ended last week back up towards the average seen over the previous 30 days after dipping lower on 7 Sep.
- Brent NOV 23 down -0.3% at 90.4$/bbl
- WTI OCT 23 down -0.6% at 86.99$/bbl
- Brent NOV 23-DEC 23 down -0.05$/bbl at 0.57$/bbl
- Brent DEC 23-DEC 24 down -0.18$/bbl at 7.04$/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok