Morgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag On
10 Articles
10 Articles
Morgan Stanley: Oil Traders Are "More Precise" With Risk As Wars Drag On
Morgan Stanley: Oil Traders Are "More Precise" With Risk As Wars Drag On By Michael Kern of OilPrice.com Uncertainty about how the wars in Iran and Ukraine will unfold is keeping many traders away from taking positions in longer-dated futures contracts, according to Morgan Stanley. Most traders have now moved to bet on futures prices within a three to six-month period, instead of longer-dated futures contracts, as volatility has spiked and uncer…
Morgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag On
Uncertainty about how the wars in Iran and Ukraine will unfold is keeping many traders away from taking positions in longer-dated futures contracts, according to investment bank Morgan Stanley. Most traders have now moved to bet on futures prices within a three to six-month period, instead of longer-dated futures contracts, as volatility has spiked and uncertainty has grown regarding where the wars are going and how much they would continue to i…
Many traders are abandoning overly risky bets and concentrating on futures with closer expiration dates.
Oil traders have become more cautious about long-term positions. The conflict in Iran and the ongoing war in Ukraine make the prospects for the oil market extremely uncertain in the next few months. Banker.az reports this with reference to Bloomberg. According to Brendan Ross, co-chairman of Morgan Stanley's global oil trading division, market participants have focused on shorter-term derivatives and are reluctant to take on […]
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