There are currently almost 150,000 contracts to buy Brent crude at $60, according to exchange data compiled by Bloomberg. The last time headline prices where at this level, about a year ago, the equivalent contracts stood at only 100,000. Traders of the derivatives say the current layer of so-called at-the-money call options is elevated, and […]

As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still. Having collapsed by about 60% this year, Brent and West Texas Intermediate crude have stabilized at around $25 a barrel, but the price […]