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Narrowing supplies from Iran and robust global growth drive market’s bullish sentiment
A hot streak in the oil market is setting off a wave of bets on how high prices can go.
With crude prices rallying for four straight weeks, trading of oil options—contracts that give the right but not the obligation to buy or sell—has surged.
The number of bullish contracts that pay out if Brent futures surpass $100 a barrel by January—up...