“$100 Oil? Bets Are Rolling In Again.”
January 12, 2022
“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