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Oil traders take a long-shot bet on a possible U.S. oil export ban
World Oil (Bloomberg) –Oil traders are scooping up options contracts that would pay out if U.S. crude futures plummet against international benchmark Brent, a signal that some believe the Biden administration could intervene in the market again to bring down oil prices. Some traders have bet on the small chance that West Texas Intermediate’s discount to Brent surges past $10