RE:RE:RE:RE:RE:RE:Oil is breaking out https://oilprice.com/Energy/Energy-General/Bets-On-200-Oil-Surge-As-Traders-Eye-Extreme-Volatility.html
Bets On $200 Oil Surge As Traders Eye Extreme Volatility
Nov 15, 2022, 7:00 PM CST
Lower demand forecasts could materialize if China doesn’t fully reopen.
The European Union is preparing to implement an oil import embargo on Russian crude oil next month and on fuels two months later.
Bets on $200 oil are increasing at a fast pace.
in March 2023 at one point last week became the most traded contract on the market, signaling that despite concern about Chinese demand, expectations of tighter supply were still going strong.