Oil Options Costs Soar With Russia-Ukraine Tensions Rising
- Volatility, call skew surges for options that expire next week
- U.S. crude surges above $93; Brent hits $95 after report
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Oil options costs skyrocketed along with futures prices as tensions between Russia and Ukraine ratcheted up.
The U.S. believes Russia could take offensive military action or attempt to spark a conflict inside Ukraine as early as next week, before the Winter Olympics in Beijing wrap up, National Security Advisor Jake Sullivan said. Russia has repeatedly rejected charges it plans to invade Ukraine.