Brent $150 Calls Surge Tenfold in April Contracts

© изображение сгенерировал ИИ

Anticipating an oil shortage due to the closure of the Strait of Hormuz, traders are buying oil options at $150 per barrel, according to data from the ICE exchange, as reported by Reuters.

The number of contracts expiring at the end of April, which give the right to purchase June Brent crude futures at $150 per barrel, has increased nearly tenfold in a month - from 3,400 to 28,900 lots.

Since late February, when the U.S. and Israel began striking Iran, oil prices have risen by nearly 50%, but they remain volatile, fluctuating with each news report about potential negotiations and conflict resolution or escalation.