Devika Krishna Kumar and Alex Longley
Tue, April 16, 2024 at 12:05 PM CDT·1 min read
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Oil Traders Wager on $250 Price by June as War Risk Escalates
(Bloomberg) -- Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated.
Most Read from Bloomberg
Volumes of bullish oil options have skyrocketed to a record, driving the premium for calls over puts jumped this week to the highest since October, as Israel vows to retaliate following Iran’s missile and drone attacks over the weekend.
US crude futures have rallied above $85 and Brent is trading near $90 as worries that the conflict will widen are heightened by a backdrop of tight supplies and robust demand.
Tue, April 16, 2024 at 12:05 PM CDT·1 min read
12
1 / 2
Oil Traders Wager on $250 Price by June as War Risk Escalates
(Bloomberg) -- Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated.
Most Read from Bloomberg
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Volumes of bullish oil options have skyrocketed to a record, driving the premium for calls over puts jumped this week to the highest since October, as Israel vows to retaliate following Iran’s missile and drone attacks over the weekend.
US crude futures have rallied above $85 and Brent is trading near $90 as worries that the conflict will widen are heightened by a backdrop of tight supplies and robust demand.
