‘Crazy’ Bets on $200 Oil Invade the Options Market

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

“I haven’t seen crazy strikes like this in a long time.” Traders have piled into wagers that U.S. oil prices will top $100, while some are betting Brent crude will hit $200 next year.

A roaring trade in bullish crude-oil options says the 2021 energy rally is far from over.

Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year, but it hasn’t hit $100 since

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And yet African countries are not trading with each other. African countries have oil but because of USA& Europe we cannot buy from each other.. More here 📺📺🍿🍿🤣🤣

😶

It worked lat year from GameStop to Tesla, so why not?

Nope never happen... Electric cars and less travel. Plus South Dakota gas.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines