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Bund Put Calendar


Schatz Sep 1x2 Put Spread Buyer

The energy complex performs.............>

COMMODITIES: The energy complex performs particularly strongly Monday, with
Brent and WTI crude both trading higher by as much as 2.3%. Brent crude now sits
at 2014 highs and just shy of the 61.8% retracement of the 2014-2016 sell-off
($115.71 to $27.10). Price action was triggered by OPEC's decision not to commit
to an output hike, despite numerous calls to do (recently by the US President).
As a result, oil-tied FX outperforms its other commodity peers, with RUB and NOK
rallying, leaving AUD and NZD far behind.
MNI London Bureau | +44 203-865-3809 |