Some are now betting that Brent goes to $250/bbl

[dan_s]

(Bloomberg) -- With the world gripped by high energy costs
and soaring inflation, oil options that would profit a buyer
from Brent crude hitting $250 a barrel are changing hands. Gold
declined as bond yields climbed, but is still set for a weekly
gain after the U.S. reported the hottest inflation print in
three decades. And climate talks are set to stretch into the
weekend as delegates are still fighting over how to curb rising
temperatures -- and who will pick up the bill. The following may
affect North American energy shares today:
Macro News
* Trader Makes Large $250-a-Barrel Oil Bet in the Options Market
* Gold Trims Weekly Gain as U.S. Yields Bounce, Inflation in
Focus
* Final Countdown Begins With Coal in the Balance: COP26 Update
* Aluminum Heads for Weekly Advance With Supply Under Pressure
* Oil Price Surge Drives Gasoline to Record $7.40 a Gallon in
U.K.
* European Gas Futures Pare Gains as Russia Reassures on Supply