🚨 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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89
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$USOIL got rejected at $98–105, closed the week at $96.30, now $91. Trend is down, but "solved" is a word for later: the zone I care about is $83–86. A bounce that holds there is where the next move starts.
Sep 23, 2026 · 1:33 PM UTC
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