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Morgan Stanley: Oil Traders Are "More Precise" With Risk As Wars Drag On
Morgan Stanley: Oil Traders Are "More Precise" With Risk As Wars Drag On
By Michael Kern of OilPrice.com
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 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 impact the global oil market.
“People...
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