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Optional traders expect $90 per barrel of oil as early as this summer

Net inflow to OIL ETFs

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$70 per barrel of petroleum will most likely be the starting point for the price, and the data on the Option Trading confirms this. According to Bloomberg data, a large volume of purchases of Call options expiring in July was seen earlier today at the opening of the markets. The options have a maturity of $ 90, which clearly shows the bullish sentiment among investors.

In addition to the main chart, we can see the net inflows in the world's largest oil ETF, which have reached record levels for the past one year.

Source: Bloomberg Pro Terminal


 Trader Petar Milanov

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