Oil Options Slid 7 Cents as Futures Declined

Bloomberg reported that oil options dropped as futures declined after the embargo on Iranian oil imports was postponed.

As quoted in the market news:

The options slid 7 cents to $1.11 a barrel. Next were February $100 calls, with 2,230 lots. They fell 31 cents to 56 cents. One contract covers 1,000 barrels of crude.

Click here to read the full Bloomberg report.