Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated.
Devika Kumar is an oil markets correspondent for Bloomberg News, specializing in reporting on the global crude market. With a background in journalism and experience at Reuters, Devika provides insights and analysis on oil prices, supply and demand dynamics, and the impact of geopolitical events on the oil industry.