The bullish bias in WTI crude oil options has risen to +7.2%, the highest since September 10, reflecting increased demand for upward price protection against the backdrop of tense situation in the Middle East. Houthi attacks on Saudi oil infrastructure and regional shipping have heightened concerns about supply disruptions. Meanwhile, the 1-2-month spread of WTI crude oil narrowed from 5.40 US dollars/barrel to 2.30 US dollars/barrel, indicating the recent weakening of the spot premium. Despite the recent easing of physical market tension, options traders are still taking into account the greater risk of rising oil prices.
Zhitongcaijing · 1d ago
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The bullish bias in WTI crude oil options has risen to +7.2%, the highest since September 10, reflecting increased demand for upward price protection against the backdrop of tense situation in the Middle East. Houthi attacks on Saudi oil infrastructure and regional shipping have heightened concerns about supply disruptions. Meanwhile, the 1-2-month spread of WTI crude oil narrowed from 5.40 US dollars/barrel to 2.30 US dollars/barrel, indicating the recent weakening of the spot premium. Despite the recent easing of physical market tension, options traders are still taking into account the greater risk of rising oil prices.
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