{"id":473934,"date":"2022-03-08T09:27:34","date_gmt":"2022-03-08T03:57:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=473934"},"modified":"2022-03-08T10:01:13","modified_gmt":"2022-03-08T04:31:13","slug":"ukraine-crisis-oil-traders-bet-prices-will-pass-200-a-barrel-this-month","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ukraine-crisis-oil-traders-bet-prices-will-pass-200-a-barrel-this-month\/","title":{"rendered":"Ukraine crisis: Oil traders bet prices will pass $200 a barrel this month"},"content":{"rendered":"<p>Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.<\/p>\n<p>In the first few minutes of trade, Brent crude reached $139.13 and US West Texas Intermediate (WTI) hit $130.50, both benchmarks striking their highest levels since July 2008. Their prices cooled a bit later but Brent and WTI crude still traded above $122 mark.<\/p>\n<p>Traders piled into options that oil could surge even further, with some even placing low-cost bets that futures surpass $200 before the end of March. More than 1,200 contracts for the option to buy May Brent futures at $200 a barrel traded on Monday, according to ICE Futures Europe data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears. In the first few minutes of trade, Brent crude reached $139.13 and US West Texas Intermediate (WTI) hit $130.50, both benchmarks striking their highest levels since July 2008. Their prices cooled a bit later but Brent and WTI crude still traded above $122 mark. Traders piled into options that oil could surge even further, with some even placing low-cost bets that [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-473934","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=473934"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473934\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=473934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=473934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=473934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}