Rus News Journal

On a way to 100 dollars

Demand for oil options promptly grows

Investors returning of the high prices to resources wait. The quantity of options for oil purchase in March at the price above 100 dollars for barrel has increased four times and continues to grow. At the same time analysts do not divide similar moods, noticing that it is not necessary to wait for so fast restoration of economy.

the quantity optsionnyh contracts on oil purchase in March at the price of 100 dollars for barrel for November, 5th has made 29091 that on 5,9 % exceeds an indicator of last month, transfers Bloomberg. If in September 7181 contract in October the number of options was quadrupled, to 27482 has been concluded. Now they cover more than 29 million barrels of crude oil. Besides, forward contracts on oil of mark Brant with delivery in December, 2017 last week have grown in the price to 99,97 dollars for barrel. It is the highest price level since October of last year.

At the same time March futures show that investors count on 80 dollars for barrel. Simultaneously with it yesterday contracts with delivery next month on an electronic platform of Nju - Jorksky commodity exchange have added 1,52 dollars and bargained on 78,95 dollars for barrel. One of the reasons of growth of oil quotations is hurricane Ida which enters into Gulf of Mexico where 27 % of the American oil and 15 % of gas are extracted. As a result of it the companies working there are compelled to lower level of extraction and to evacuate the personnel.

key factors of growth of the oil prices of analytics name decrease in a dollar exchange rate and inflationary expectations. However increase in cost of barrel of oil to 100 dollars portfelnyj manager IFK the Option Elena Grebenshchikova supposes only in case of the growing volume of liquidity and under the influence of emotional factors. In its opinion, the economy not so is quickly restored, as it would be desirable that for investors. For example, one of indicators of its recover - a labour market in the USA on - former in a grave condition - the expert underlines.

the probability of escalating of extraction Besides, is great from the OPEC. Since March, 2009 its participants have increased extraction by 4 %, and, probably, in December industrial quotas will be reconsidered again, if the price butts will remain above 75 dollars Probably, interest to stodollarovym to options speaks hope of weak dollar together with fast economic recover at the expense of a growing demand from the Asian countries - the senior analyst IFK " supposes; Metropol Alexey Kokin.