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Tuesday, January 8

I can afford to drive to the grocery store, but....

"Oil $200 Options Rise 10-Fold in Bet on Higher Crude"
(begins): "The fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.

"Options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period. The contracts, the cheapest way to speculate in energy markets, appreciated 36 percent since early December as crude futures reached a record $100.09 on Jan. 3."

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