$200 Oil? Traders Are Betting Big On A Global Energy Crunch

Some options traders are betting that oil prices could jump to $200 a barrel by the end of next year as the energy crunch in Europe and Asia shows signs of worsening just ahead of the winter heating season in the northern hemisphere. Call options at Brent at $200 a barrel for December 2022 traded 1,300 times on Wednesday, according to data from ICE Futures Europe cited by Bloomberg. Traders would profit from those call options if oil prices were to rally to record levels over the next year. In recent days, the call options for triple-digit oil…