Sr. Correspondent, Broker Research, Bangalore, India
Saqib's Feed
Dec 12, 2014
Dec 12, 2014
Dec 12, 2014
Dec 12, 2014
Dec 11, 2014
Dec 11, 2014
Dec 11, 2014

Drop in energy ETF draws bullish options bet on oil rebound

NEW YORK, Dec 11 (Reuters) – The sharp drop in the shares of
a popular energy ETF in tandem with oil’s recent swoon attracted
a bullish bet on Thursday in the options market that oil prices
will rebound significantly through the first quarter of 2015.

The SPDR S&P Oil & Gas Exploration & Production ETF’s
, which tracks the S&P Oil & Gas Exploration & Production
Select Industry Index, rose 2.6 percent to $45.83 on
Thursday.

Dec 11, 2014
Dec 10, 2014
Dec 10, 2014
    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
    • More from Saqib

    • Contact Saqib

    • Follow Saqib