Talk of $100 Oil Returns as Options Jump Most in 3 Months: Energy Markets

Posted on November 29, 2010

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Oil’s return to $100 has become the biggest bet in the crude options market. The price of options to buy December 2011 futures at $100 a barrel jumped 14 percent on Nov. 24, the largest one-day gain in three months, according to data compiled by Bloomberg. So-called open interest for the contract has risen 51 percent this year to 45,424 lots, the highest for any crude option on the New York Mercantile Exchange.

via Talk of $100 Oil Returns as Options Jump Most in 3 Months: Energy Markets – Yahoo! Finance.

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