Standard Chartered Blames Gamma Hedging For Overdue Oil Selloff ...Middle East

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Standard Chartered Blames Gamma Hedging For Overdue Oil Selloff
source : OILPRICE ( Middle East ) () 57
The energy sector has emerged as the worst performer among all 11 sectors of the U.S. market in the current week, with energy prices dropping sharply as a spate of bank failures reignited a wave of risk-off selling. Oil prices have crashed spectacularly, with WTI crude falling from $80.46 per barrel just 10 days ago to the $67 range, while Brent has declined from $86.18 per barrel to the $73 range, levels they last touched in December 2021. On Friday, things improved slightly, with Brent moving into the $75 range and WTI testing $69. …

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