Stocks Decline on Crude Oil News: Options Traders Seek Strategies to Short Stocks Through E-Minis and SPY

Stocks Decline on Crude Oil News: Options Traders Seek Strategies to Short Stocks Through E-Minis and SPY

Stocks Decline,Oil News,Options Traders,Spy,Crude Oil,Strategies,Minis,Markets

Crude oil futures ended on a lackluster note in the domestic market on Monday as investors and speculators refrained from booking fresh positions in the energy commodity after an OPEC official warned that the cartel which accounts for about 40 per cent of global crude oil supplies could potentially boost crude oil output to 33 mm bopd, the highest on record, once Iran returns on the scene after a lift-off of international sanctions, threatening to exacerbate a global supply glut.

Crude oil futures ended on a lackluster note in the domestic market on Monday as investors and speculators refrained from booking fresh positions in the energy commodity after an OPEC official warned that the cartel which accounts for about 40 per cent of global crude oil supplies could potentially boost crude oil output to 33 mm bopd, the highest on record, once Iran returns on the scene after a lift-off of international sanctions, threatening to exacerbate a global supply glut.

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