🚨 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.
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Being bearish on oil and chasing it lower are two different trades. With positioning this crowded, I’d watch whether fresh bearish headlines can still push prices down. If they can’t, that gets interesting.
Sep 23, 2026 · 3:49 PM UTC
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