Reported about 6 hours ago
Oil futures experienced their largest gain in over a year as tensions in the Middle East escalated, prompting a surge in bullish bets from traders. The fear of supply disruptions has led to a dramatic increase in options trading activity, with many attempting to secure positions against potential price spikes. Following a bearish period attributed to global economic concerns, the renewed fears surrounding oil supply have shifted sentiment, resulting in record-high call volumes and heightened demand for upside exposure.
Source: YAHOO