Open interest reaches new highs
Bets that crude oil prices would fall below $25 per barrel in March reached an all-time high today.

It is impossible to say exactly where oil prices will be two months from now, but if the open interest, or the amount of total contracts outstanding, for puts on West Texas Intermediate is any indication, the answer is somewhere below $25 per barrel.

The premium on the $25 puts was $0.24, meaning those putting their money on WTI falling further expect that they will breakeven at $24.76 in March. The puts...

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