BNP PAR.ISS. O.E. ETC

Dieses ETC beinhaltet den Heizölpreis und wurde heute zwischen 114,2 und 116,2 weitgehend verkauft, Kursgewinn 29% -31%. Das Brentöl wurde bis 96$ gehandelt.

Ein Best Trade wird leider nicht ausgewiesen.

Der Spread beträgt aktuell 18%, wahrscheinlich hat sich die Kursfindung aufgehängt...Anbei der Öl-Kommentar:

And finally, this is what Eddie is interested in this morning

With a key OPEC member standing ready to defend the oil price, it would probably take an extraordinary confluence of bearish factors to extend the year's lows.

Saudi Arabia’s top energy official, Prince Abdulaziz bin Salman, on Tuesday warned short-sellers to watch out. “I keep advising them that they will be ouching — they did ouch in April,” he said, referring to the last time the cartel delivered a surprise production cut. OPEC+, will meet on June 3-4 in Vienna to review production policy for the second half of the year.

What this means, in effect, is that all the price risk in oil is to the upside. Short of a catastrophic collapse in demand -- the likes seen at the start of the pandemic -- there's not much that can drive prices lower. On the other hand, if demand heats up, tight supply could translate into substantial rallies.

Eddie van der Walt is Deputy Managing Editor of the Markets Live blog on the Bloomberg Terminal, based in London. Follow him on Twitter at @EdVanDerWalt

Kommentar zu BNP PAR.ISS. O.E. ETC (DE000PB6R1B1) = Heizölpreis