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Reuters

Oil hedging activity hits record in October as traders eye market risks

Reuters
Summary
Nutrition label

77% Informative

Investors ramped up oil futures and options trading in October to record levels in bid to hedge growing uncertainty.

Investors traded 68.44 million barrels of oil in futures, options in October , surpassing the monthly record hit in March 2020 .

CME Group reported a single day volume record for weekly crude oil options on Oct. 18 , with 58,132 contracts traded.

VR Score

88

Informative language

95

Neutral language

34

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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