‘Crazy’ bets on $200 oil invade the options market
October 17, 2021 at 22:24 PM EDT
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.
