Reported 28 days ago
A surge of bullish sentiment in the oil-options market has emerged as traders respond to escalating risks in the Middle East, particularly due to tensions between Israel and Iran. With significant trading activity recorded, including thousands of bullish call options, traders are hedging against potential supply disruptions. Following recent airstrikes, oil prices have risen, and market dynamics have shifted toward a more bullish posture, despite a slight decrease in the overall bullish mood in Asia. Experts indicate that the geopolitical risk premium is likely to remain high, especially with potential threats to major oil transit routes.
Source: YAHOO