$ 200 oil? Traders are betting heavily on global power shortages. OilPrice.com

Some options argue that oil prices could jump to $ 200 a barrel by the end of next year, as energy congestion in Europe and Asia shows that winter temperatures are still worsening in the northern hemisphere.

Call Brent buys 1,300 times on December 2022, according to ICE Futures Europe, which is available in Barmelberg for December 2022.

Traders will benefit from those call options if oil prices are raised next year.

In recent days, there has been an increase in call options for three-digit oil prices next year, indicating that many traders will be competing at higher oil prices over the next 12 months.

According to Bloomberg estimates, ICE’s future European data shows that by the end of 2022, the salary of Brent $ 100 calls has jumped by 20,000 contracts this month alone.

Last month, shortages of energy supply led to record gas and energy prices in Europe, higher prices for natural gas (LNG) in Asia this year, and higher coal prices in Europe and Asia for several years. .

Although some have warned that $ 80 or more is a matter of time, investment banks have improved their oil prices.

Earlier this month, one of Japan’s leading banks, Mitsushishi UFG Finance Group (MUFG) Brent Crood, said prices would fall to $ 64 a barrel by the end of 2021, Oman’s energy minister warned. No new investment in oil could push the price of oil to $ 200 a barrel.

In the coming six months, the World Bank estimates that oil prices could hit $ 100 a barrel in the coming six months.

By Tsvetana Paraskova for Oilprice.com

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