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Opinion
Javier Blas

Wall Street Is About to Take Oil Out to a Wild Party

As prices head for $90 and beyond, the options market will take the lead in making lots of money.

Waiting to hit the jackpot.

Waiting to hit the jackpot.

Photographer: HAIDAR MOHAMMED ALI/AFP
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Supply and demand fundamentals drive oil prices. Things like OPEC+ production plans and U.S. driving patterns matter the most — until they don’t. That’s when the wizardry of Wall Street takes over, giving prices a push up or down beyond what the physical fundamentals warrant. 

The oil market is on the cusp of one of those moments.