Energy in America

‘Crazy’ bets on $200 oil invade the options market

Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year.

Are gas shortages here to stay?

Author and IHS Markit Vice Chairman Daniel Yergin on global energy problems, President Biden’s response to high gas prices and the upcoming U.N. climate conference.