Oil Rig Options traders expect oil prices to rise above $80 per barrel and reach close to $110 per barrel within the next four years, according to data from the New York Mercantile Exchange and the U.S. Depository Trust & Clearing Corp, reports Bloomberg . It’s important to take note of these large option trades, probably initiated by the hedge funds, who are betting millions that oil prices will rise. The trades are spread over a period of three years, starting from late 2018 to 2020. Similarly, a few large traders, such as Pierre Andurand , the founder of the $615 million Andurand Capital Management and hedge-fund manager Doug King , the London-based chief investment officer and co-owner of RCMA Asset Management had predicted large downsides in oil and earned handsome returns for their funds in 2014 and 2015. When oil was trading at $48/b in August 2015, many […]