Traders bet on oil at $ 100 a barrel

A number of traders in the United States and Europe expect oil, which has risen in price to $ 85 per barrel, to overcome the $ 100 mark in the coming months. This is evidenced by the data on options on oil futures of the New York Mercantile Exchange (NYMEX) and the European Intercontinental Exchange (ICE). So, in 11% of cases, options with performance until December 2018 are priced above $ 100 a barrel, while among January options figure is already 79%, according to Bloomberg. Hedge funds have increased rates for the maximum increase in prices of Brent and WTI oil futures for 11 weeks. As REGNUM news agency reported, on October 2, a barrel of Brent crude oil yields $ 85. Prices are rising in anticipation of the entry into force of Iranian sanctions, experts say.