Extreme oil bears bet on $25, $20 and even $15 a barrel in 2016

20:07, 23 December 2015

Economy

192 0

Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices, Bloomberg reported.

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Extreme oil bears bet on $25, $20 and even $15 a barrel in 2016

Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices, Bloomberg reported.

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