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Finance, Markets

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

Traders are wagering U.S. crude’s rally to a seven-year high is just the beginning, despite a softening global economic expansion.

10/17/2021 4:00:00 PM

“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.

Traders are wagering U.S. crude’s rally to a seven-year high is just the beginning, despite a softening global economic expansion.

A roaring trade in bullish crude-oil options says the 2021 energy rally is far from over. Read more: The Wall Street Journal »

Jack Harlow on How Reading Harry Potter Made Him the Competitive Rapper He Is Today

While accepting his award for Variety’s Hitmaker of Tomorrow, Jack Harlow gifted the audience with a story from his childhood, revealing how a reading program stoked his competitive side, and…

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