Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016

  • Investors buy put options significantly below current prices
  • Goldman Sachs reiterates risk of $20 a barrel in New Year

Crude Oil Heads for a Second Annual Loss

Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.