My occasional look at cross correlations (using QuikStrike’s excellent tool via the CME) shows oil (CL) and Bitcoin (BTC) are correlated with…
U.S. Oil Prices Hit Six-Year High Amid OPEC Standoff… WSJ
That’s the title of a story in today’s Wall Street Journal…. I’ve been following the oil (options) market since the mid 80’s… You’re telling me the
WTI implied, historic volatility…
An interesting pattern in WTI volatility has unfolded through the current OPEC+ meeting as displayed by Barchart.com, below… Historical volatility (20
Percent job losses in post WWII recessions… Calculated Risk
From the Calculated Risk blog:
WTI options update…
Ahead of tomorrow’s OPEC+ meeting, note that implied vol is moving sideways (30.88, orange, left hand scale) but not collapsing like the 20 day
Natural gas options update…
Natural gas prices have exploded upward recently as the chart below shows (from Barchart.com)… But yesterday’s option flow looks like a market (on a
More OPEC+ supply needed… Goldman via Reuters
Here is a story from Reuters on what Goldman is saying about oil… “The U.S. bank forecast oil demand to rise by an additional 2.2 million barrels
Covid, peak transportation, oil demand… Columbia Center on Global Energy Policy
Here is a chart showing driving trends from a report by Amy Jaffe Meyers, et. al., “Will COVID Drive an Early Peak in Transportation Activity and Oil
OPEC’s view of supply/demand… Reuters
Alex Lawler, Reuters, discusses what OPEC is looking at ahead of this week’s meeting, here… “OPEC's latest forecast of the demand for its crude