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Fund Bets Brent Oil Will Rise Toward $100 as Risk Premium Grows

One fund is taking on a cheap long-shot bet that Brent crude will climb toward $100 a barrel amid revived tensions in the Middle East, even as industrywide pessimism saw banks across Wall Street revising price forecasts lower.



A fund is betting that Brent crude oil will rise toward $100 a barrel in June due to Middle East tensions, despite industry-wide pessimism and lowered price forecasts from Wall Street banks. This long-shot bet involves options equivalent to 20 million barrels.

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