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Crude futures surge in put options Outlook

Crude futures surge in put options Outlook

oil traders increasingly pessimistic Outlook for this year and next year oil prices, data showed that price at 40 dollars per barrel, $ 35, $ 30/barrel/barrels, even 25/bbl United States crude oil futures jump puts the scale of the past four weeks.

United States December crude futures Wednesday (November 13) minimum hits $ 41.38 a barrel, not far from the low point for the year, but compared to August and high to start the rally, more than 15%.  The rally used to ignite the market expectation, think the decline in oil prices from June 2014 may come to an end.  

now, according to Reuters data, United States crude oil futures surge in put option positions over the past four weeks.

strong petrochemical holding Oystein Berentsen, the incumbent General Manager said: "the trend is your friend, and now the trend is down, look on the air. We see more producer selling, even at these low price levels is no exception.  "

Reuters of data displayed, line right price for 40 dollars/barrels of United States January crude oil futures put option contracts from August of than 1,000 mouth, rose to over 18,000 mouth; line right price for 35 dollars/barrels of United States December crude oil futures put option contracts from October in the of than 10,000 mouth, rose to near 25,000 mouth; line right price for 25 dollars/barrels of United States December crude oil futures put option contracts is over 13,000 mouth.  

traders seemed to be for the drop in oil prices next year to adjust positions, the exercise price was 30 dollars per barrel in 2016 United States March crude futures option contract closer to 12,000, and before August is close to zero.

Brent crude futures positions are similar, the exercise price at 40/barrel, 35/barrel, 30 a barrel or even $ 25 a barrel by December 2015 to June 2016 put option contracts of Brent crude oil futures, the significant increase in last month.  In recent months, Brent crude is currently at around $ 44 a barrel.

ANZ Bank said: "the stronger dollar, coupled with concern about growth in emerging markets, commodities (4374.78,-11.870,-0.27%) prices are unlikely to rebound by the end of.  "It said the dollar's strength is, the Federal Reserve (the FED) will raise rates soon is expected to boost the dollar index sharply higher.  

oil priced in dollars, so the dollar will drive up the cost of imported oil in other currencies.

16:03 GMT, Brent crude for December Futures at $ 44.41 a barrel; United States NYMEX December crude Futures at $ 41.72 a barrel.

 

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