Bets on WTI Oil Slumping Below $25 Rise to a Record: Chart
Oil Drops As Saudis Plan to Maintain Spending
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Bets that crude oil will retreat below $25 a barrel have reached an all-time high as stockpiles continue to grow.
Open interest, or the amount of total contracts outstanding, for March West Texas Intermediate crude $25 put options rose to 29,023 on Jan. 22, the highest among all March WTI options. The puts expire on Feb. 17.