Here is a snapshot from the CME’s Daily Bulletin showing the open interest in May/June spread options which expire today... 63,550 options will likely
Kemp on storage… Reuters
John Kemp, Reuters has a nice piece (including a chart book) on the oil storage situation in the US, here...
Berkshire’s Charlie Munger is interviewed by the WSJ…
Jason Zweig, WSJ, interviews Charlie Munger, and, of course, it’s excellent... ”“Well, I would say basically we’re like the captain of a ship when
Changing electricity usage… Grist
Sierra Garcia, Grist, has a nice piece on how the virus is changing electricity usage, here...
Subzero prices… WSJ
In our last podcast with Andy Furman of Risked Revenue, we talked about the possibility of oil prices at Cushing going negative... Sarah Toy, Wall
Back From the Brink… IEA
The IEA’s Monthly Oil Report is out... Do read the whole summary, here...
Spread options profit taking?
Here is Tuesday’s snapshot of active spread options... Note the sharp decline in put open interest...
Oil triage…
The OPEC+ agreement was seen as a positive from market reaction in deferred months, but too late for May... Here are yesterday’s settlement prices
On the virus…
I’ve been using Worldometer to track the virus... Despite all the measurement problems across the world, perhaps we are seeing some progress...