Morgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag On
8 Articles
8 Articles
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…
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 […]
Oil traders tend to shrink their long-term positions and focus on the nearest decades, given the increasing haze caused by the Middle East conflict, Ukraine's war, and the volatility of crude and fuel prices, as stated by Brendan Ross, the co-chair of the world oil circulation at Morgan Stanley. Ross said at the Asia-Pacific Petroleum Conference in Singapore, today Wednesday, that [...] the article Morgan Stanley: Oil traders reduce their long-t…
Fear of war is driving investors away from long-term bets.
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