Oil floats on optimism of $100 by next year
The oil price has hit its highest since 2015
Abu Dhabi - Emirates Voice
When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100.
Almost two years later, as a global crude glut shows signs of receding, the oil options market has seen a spike in activity at $100 a barrel, indicating some oil bulls are betting the price could trade around that level by this time next year.
The oil price has hit its highest since 2015 and after having shied away from $60 a barrel this week, the chances of a rally beyond this point seem remote. But that hasn't stopped some punters from snapping up December 2018 buy options at $100 at bargain-basement prices.
Open interest in December 2018 $100 call options, which expire next October, has trebled in the space of a week to more than 30,000 lots, on a par with the most active contract among December 2017 options - $60 calls.
Source: Khaleej Times
GMT 19:52 2018 Saturday ,13 January
Adnoc chief: global growth to inflate energy demand, putting pressure on producersGMT 00:04 2017 Friday ,17 November
UAE peaceful nuclear energy programme is one of the most diverseGMT 23:57 2017 Thursday ,16 November
International Ministerial Conference: UAE's peaceful nuclear programmeGMT 20:14 2017 Thursday ,16 November
Jury selects 2018 Zayed Future Energy Prize winnersGMT 11:58 2017 Wednesday ,08 November
GCC states must add value to oil wealth
- Saturday ,13 January GMT 19:52 2018 Adnoc chief: global growth to inflate energy demand, putting pressure on producers
- Thursday ,16 November GMT 23:57 2017 International Ministerial Conference: UAE's peaceful nuclear programme
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al Mandeb
GMT 10:55 2018 Wednesday ,10 January
Trump marijuana policy reversal stokes fears
GMT 07:13 2017 Monday ,03 July
Qatar should comply with previous commitments
GMT 10:30 2017 Sunday ,05 March
7 police killed in North Afghan attack
GMT 15:21 2017 Wednesday ,03 May
Nepal's Rastriya Prajatantra Party quits coalition government over impeachment motion
GMT 21:38 2017 Wednesday ,22 March
263 tourists visit Saint Catherine over past 24 hours
GMT 18:24 2018 Monday ,15 January
France's Vinci lands 25-yr Belgrade
GMT 13:54 2017 Thursday ,20 July
Interior Minister attends Happiness Council meetingGMT 18:03 2012 Friday ,07 September
Michelle Obama speech expected
GMT 05:29 2017 Thursday ,19 January
Sharjah Crown Prince chairs executive council’s meeting
GMT 17:56 2017 Thursday ,03 August
Army hits Saudi military gatherings in Asir, Najran
GMT 00:23 2017 Friday ,06 January
UAE is lucky to have leaders like Khalifa,bin Rashid
GMT 04:58 2013 Wednesday ,29 May
6 suicide attackers killed in Afghanistan
GMT 00:45 2017 Wednesday ,08 March
Saudi Arabia denies reports of transgender women killed by police
GMT 02:50 2016 Friday ,16 December
Exiled Abbas rival handed 3 years for corruption
GMT 04:00 2016 Sunday ,20 November
UAE leaders congratulate Sultan Qaboos on National Day
GMT 09:00 2017 Monday ,31 July
Putin demands that 755 US diplomats leave Russia
GMT 09:10 2013 Tuesday ,26 February
8 militants killed, 12 detained in Afghanistan
GMT 00:18 2016 Sunday ,08 May
South African ruling party welcomes Moody's rating confirmation
GMT 14:46 2017 Sunday ,07 May
450 girl students taken ill due to chemical leakage in Delhi
GMT 01:36 2017 Tuesday ,25 July
One killed, two injured in traffic accident
GMT 21:29 2016 Monday ,31 October
34 opposition gunmen killed by Assad forces in Deraa countryside
GMT 02:59 2017 Tuesday ,28 February
UK's continued suspension of flights to Sharm El-Sheikh 'unjustified': FM Shoukry to Johnson
GMT 06:05 2017 Tuesday ,30 May
Sri Lanka steps up monsoon relief as toll hits 113
GMT 11:23 2017 Tuesday ,28 February
Ferrari World to get Dh700m expansion in push for more Yas Island visitors
GMT 21:41 2017 Tuesday ,02 May
Putin, Trump 'in favour' of meeting at G20 summit in JulyGMT 07:34 2011 Friday ,17 June
Amount of confiscated narcotics jumps this year
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor