Crude oil has been under pressure since March 23 following two bearish US inventory reports. On Friday the selling accelerated after Saudi Arabia stated that no deal to freeze production could be achieved without Iran's involvement. As crude oil not least WTI has slumped the cost of downside protection has jumped.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/downside-protection-cost-jumps-as-oil-price-slumps-7395001?utm_medium=tf4-feed&utm_source=extract
Downside protection cost jumps as oil price slumps
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