MARKETS

Oil Traders Wager on $250 Price by June as War Risk Escalates

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.

Kgaogelo MatshwiKgaogelo Matshwi
Apr 16, 2024 - 19:39
 0  1
Oil Traders Wager on $250 Price by June as War Risk Escalates
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.
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