Crude Oil Options Skyrocket as Markets Still Unable to Read the Middle East – Open interest held in ICE Brent options surpassed the threshold of 4 million contracts for the first time on record, the equivalent of 4 billion barrels, as investors seek to hedge their geopolitical exposure. – The widespread expectation that Israel would seek to retaliate vis-à-vis Iran around the time of the US presidential elections, potentially leading to a sudden price spike should international waterways be restricted afterward. – The fundamentals of the…
Why Crude Oil Options Are Soaring
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