CME to allow listing of negative oil options effective from April 22

Anil Panchal FXStreet

The latest news from the Chicago Mercantile Exchange (CME), on early Wednesday morning in Asia, suggests that the world’s leading exchange will soon roll out options for negative oil prices, starting from April 22.

Market implications

Following the news, WTI's June contract extends the pullback moves from $7.64 towards $7.00.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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