Oil Options Traders Are Most Bullish Since Crude Was Over $100
- Missile attack on Riyadh, Trump Syria threat boost futures
- Call skew on WTI crude rises to highest since June 2014
Ed Morse Says There Is a 'Little Bit of Froth' in Oil Prices
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The last time oil options traders were this bullish, crude was selling for $105 a barrel.
Geopolitics returned to the market: A thwarted missile attack in Riyadh, Saudi Arabia, and U.S. President Donald Trump’s threats to launch missiles at Syria drove futures prices in New York to a three-year high.