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“$100 Oil? Bets Are Rolling In Again.”

“To say investors are bullish on oil again would be an understatement. In a year that has begun with serious uncertainty—largely about the path of interest rates and tech stocks — a positive call on oil is as close to a consensus opinion as it gets. 

In fact, traders are making bets again that U.S. oil prices will rise above $100. It would take a major surge to get there. West Texas Intermediate (WTI) crude futures, the U.S. benchmark, were down 0.2% on Monday to $78.72 per barrel…”

https://www.barrons.com/articles/crude-oil-prices-100-bets-51641833559?siteid=yhoof2

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