Someone Is Betting That Oil Will Soar to a Record $200 a Barrel
- Brent December 2022 call options at $200 traded on Wednesday
- Oil market is awash with bullish predictions on power crunch
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Could the energy crunch get so bad that oil prices hit $200 a barrel? One options trader thinks so.
Brent $200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts don’t expire until October next year, they could profit from any sharp spike in prices this winter or next summer.