Call volumes have been coming in strong. Biggest volumes are Dec24 Call at 90 and 100 👀

1/ Exploring the Oil Market. Real vs. Derivative Trading Volumes. Why does this matter to retail traders? Let's see 🧵🛢️

1/ We are seeing a weakening in the WTI prompt spreads. What is this, and why is it important to track? Let's take a look 🧵

1/ Are you trading front-month futures? This thread dives into why open interest and volume in WTI crude oil futures are crucial elements of your trading Let's break it down 🧵

Both Gold and Oil getting a boost from escalations in Ukraine. CL is already close to the 1D Max. Open interest in call options was up both in Brent and WTI. Brent biggest strike at 80, WTI at 75

OPEC+ is supporting the oil market, repeatedly cutting and delaying production below $85/barrel

crack and the front month of CL. Its a sign of markets trading technical rather then supply/demand imo. notice how CTA´s have slight shorts into 2024, on top of that the switch in over one month in brent and diesel is pretty rapid according to the last table. Crude can run, so

BRENT CRUDE EXTENDS GAINS, RISES 3% ON COLD WEATHER AND CONCERN OF POSSIBLE FURTHER RUSSIA AND IRAN SANCTIONS MOVES.

Crude oil forward curve has really come down a lot in the front. While we are still in backwardation, you can see that compared to the past, there has been a significant shift lower which is in line with more bearish positioning we are seeing in the option market

EIA has global oil demand at 105.17mbpd, global oil supply at 103.92mbpd in February 2025. Giovanni Staunovo🛢

Crude oil is setting up for something interesting. Most Q-Scores are deeply negative including NetGex, the term structure has collapsed—clear signs of pressure. But seasonality is turning positive, and with the market this stretched, don’t rule out a sharp technical bounce. $CL

Oil bullish bias highest since 2022.

The oil market is hedging for disruption. The cost of protection is rising fast. Brent call skew is the most bullish since the Ukraine invasion.

The $CL forward curve is now deeply backwardated—meaning near-term crude contracts are priced higher than longer-dated ones. Backwardation reflects market stress and urgency for physical barrels.

Crude oil's breakout is gaining traction as Q-CTA positioning surges above neutral. Systematic flows are turning supportive just as inventories tighten and Middle East risks rise. Momentum is building.

If Iran moves to block the Strait of Hormuz — which handles ~25% of global oil flows it could send crude prices soaring and rattle the global economy. Even without deploying warships, drones, missiles, and fast patrol boats could make transit too risky for commercial shipping.

The futures forward curve in crude was already deeply backwardated—signaling tight supply expectations. If the Strait of Hormuz is disrupted, expect that backwardation to persist. Watch OVX (oil vol) closely. Gamma exposure in $CL is already skewed heavily to the upside.

$CL futures opened with a sharp move above Call Resistance and the 1D Max — a strong bullish impulse. But we’ve since pulled back below the 1D Max, signaling possible exhaustion. Keep an eye on these levels tomorrow — they’ll define the next move.

Oil steady near highs as Trump targets India-Russia crude trade, tightens Iran sanctions, and hints at more tariffs. Brent >$73, WTI ~$70, with supply risks and OPEC+ in focus.

Con 22 miliardi di euro, BlackRock guida la classifica dei grandi investitori istituzionali stranieri a Piazza Affari. Il colosso Usa ha una miriade di partecipazioni rilevanti tra cui Bpm, Unicredit, Intesa Sanpaolo, Mediobanca, Ferrari e Stellantis. Al secondo posto il fondo