Mar 15, 2026 - Mar 18, 2026, the price of the '1.3m' option dropped from 32c to 22c due to a chain reaction following the collapse of the '1.2m' contract, as the market confirmed that H1 2026 production growth rates cannot support aggressive high-yield targets.
Mar 12, 2026 - Mar 14, 2026, the price of the '1.2m' option plummeted from 51c to 37.5c, likely due to the official release of the OPEC Monthly Report (or confirmation of core data), which proved production missed the optimistic rumors, bursting the speculative bubble.
Mar 6, 2026 - Mar 9, 2026, the price of the '1.2m' option surged from 27.5c to 49c due to extremely high speculative anticipation regarding upcoming data at that time.