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

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“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

 

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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.

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