Crude bounce.....

Why is Brent (COIL) and Nymex (WTI) crude priced the same?

I thought WTI was slightly sweeter and therefore always had a price premium?

Looking at WTI and COIL or QM on IPE - April contracts are trading within pennies of each other ... they seemed almost Arb'd?
 
Quote from Banjo:

Saudi refinery explosions and gunshots, crude gonna be all over the map today.
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Got raped today, the only good thing coming outta it is that I get the weekend to think things over...
 
Best CL play here: wait for small specs to sell this "bear market rally" on Monday; then short CLJ6 puts. Big spec won't go long on this news, but big spec--along with commercial hedgers--will scale out of short positions.
 
Quote from landboy:

Got raped today, the only good thing coming outta it is that I get the weekend to think things over...
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Nigeria.. the militants said they will attack again and soon (that was a day ago)

prices are going to drop unless something else is blown up.. sad thing is.. something probably will.
 
Quote from energytraderus:

Best CL play here: wait for small specs to sell this "bear market rally" on Monday; then short CLJ6 puts. Big spec won't go long on this news, but big spec--along with commercial hedgers--will scale out of short positions.
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What's the advantage of selling the puts as opposed to simply buying the calls...
 
Quote from kalzayani:

U are gurenteed the time premium dude
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Ok, but for people of limited financial means, would be safer to pay that premium especially if it's going to 72
 
Quote from landboy:

Ok, but for people of limited financial means, would be safer to pay that premium especially if it's going to 72
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I would Buy a 3 Month Vanilla Option call strike 65 area
 
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