As Prices Slide, Geopolitics Float Bets on $100 Oil

摘要

Oil futures slid in Thursday’s session, with the underlying price structure in ICE Brent continuing to suggest that physical markets may be loosening. Brent has had a hard time staying above $80 per barrel, but even as it falls back, traders are increasing bets that the international benchmark could hit $100/bbl, even by as early as August.