(Reuters) -Traders on Friday traded one of the most $80 West Texas Intermediate (WTI) petroleum telephone call alternatives because January, anticipating even more advantage to costs after Israeli airstrikes on Iran stimulated concerns of a larger Middle East problem.
Call alternatives give the owner a right to get futures agreement at the predetermined cost and day, and an increase in quantities can aid evaluate market view.
About 33,411 agreements of August -2025 $80 telephone call alternatives for WTI petroleum were traded on Friday on an overall trading quantity of 681,000 agreements, noting the greatest quantity for these alternatives this year, according to CME Group information.
The last time trading was this high for $80 telephone call agreements got on January 10, with 17,030 February -2025 $80 telephone call alternatives traded on an overall trading quantity of 301,866 agreements.
Oil costs got on Friday and cleared up 7% greater as Israel and Iran released air raid, feeding capitalist concerns that the battle can extensively interrupt oil exports from the Middle East.
UNITED STATE West Texas Intermediate unrefined completed at $72.98 a barrel, up $4.94, or 7.62%. During the session, WTI leapt over 14% to its greatest because January 21 at $77.62.
(Reporting by Noel John in Bengaluru; extra coverage by Georgina McCartney and Diane Craft)
