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Traders Place Record Bets Against Oil: Could Prices Fall to $70?
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Commodities
Traders Place Record Bets Against Oil: Could Prices Fall to $70?
Anna Dovzhenko
-
September 23, 2026
Traders established a record volume of bearish bets against oil on Tuesday, with Brent put option contracts surging amid plummeting prices, U.S.-Iran diplomatic talks, and the reopening of Saudi Aramco's pipeline.
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