🚨 BEARISH BETS AGAINST OIL JUST HIT A RECORD HIGH. Brent crude put options just hit a record 764,000 contracts. Oil has already crashed more than 10% in just 8 days. And traders are betting the sell off isn’t over. U.S.-Iran settlement talks and the reopening of a major Middle East export pipeline are adding even more pressure. The oil market has gone from supply panic to record bearishness in just days.