The EIA assumes a 500,000 bpd cut in OPEC production throughout all of 2020 in their December Short Term Energy Outlook released yesterday... Here is
Vol update…
Here is a chart based on implied volatility, WTI crude, second nearby, at the money option... Front month options (Jan) settled at 25.0 on Friday down
China reminder… WSJ
From The Wall Street Journal’s The Daily Shot... China’s economy is still growing:
Dueling Fed GDP Nowcasts…
Here are the Atlanta and NY Feds’ dueling Nowcasts:
Options snapshot… CME
Here is a snapshot of yesterday’s option volume... Note that open interest in puts climbed much more than calls... And, while we don’t know for sure,
Carbon risks, stock prices… Bloomberg
Peter R. Orszag, Bloomberg, writes on a couple of studies showing that financial markets are taking account of carbon risk, here... Keep in mind that
Exports more than imports in Sep… EIA
Here is the EIA: “In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than
Yesterday’s WTI options profile…
Volume up, volatility down... Here is a snapshot from the CME’s Most Active Strike tool, here... Implied vol for Jan settled at 328, -2.8 while Feb
U.S. oil inventories rise 1.57M after drop was expected
From BNN Bloomberg: Andrew Lebow, senior partner at Commodity Research Group reacts to data showing a 1.57-million barrel rise in U.S. oil







