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BLOOMBERG Bloomberg Daybreak Europe December 22, 2016

Saudi arabia is set to unveil its plan to balance a countrys budget and maybe even run a surplus by 2020. Welcome to bloomberg daybreak europe colleaguede me as my yusuf in dubai. Lets talk about oil, its never far from your heart. I know you dream about it. There is somebody out there that believes in 100 oil next year. Im talking about the coal options that traded yesterday. What we saw yesterday was by the end of 2018, someone had taken a in terms ofle pump oil. About a million bucks yesterday. Really after seeing this momentum in the oil market, the hedge funds of the most bullish. Their call options are the longest since 2011. In the big skiing among things, is a million bucks option play out there that big . No, but it is a lovely round number for the market to hang its hat on. There is somebody out there that wants to add that amount by 2018. On the horizon. However at the same time youre seeing the rise in grant and the , what the rise in brent youre seeing is volatility drop t ....

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