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Oil Glut Bets Are Back in Play as Crude Sinks After US-Iran Deal - Bloomberg.com

As reported by Bloomberg
A slew of all-but-forgotten niche option positions betting on an oil glut are coming back into play as crude futures slump following a peace deal between the US and Iran.
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The recent peace deal between the US and Iran has triggered a significant slump in crude oil futures, bringing back market expectations of an oil glut. Previously forgotten niche option positions, betting on an oversupply of oil, are now reactivating. This shift marks a notable…

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