December 4, 2014
THEY'RE THE BULLS:
Extreme oil bears bet on $40 crude (Gregory Meyer, 12/04/14, Financial Times)
The oil market rout has made some investors so bearish they are buying contracts that pay out if prices drop below $40 a barrel -- a level last traded during the bleakest chapters of the financial crisis.Extreme market scenarios are playing out in put options for crude, which give holders the right to sell oil above a set price by a certain date.
Posted by Orrin Judd at December 4, 2014 8:23 PM
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