oil at $120 becomes biggest energy bet

In case you haven't noticed LNC's share price is strongly influenced by the price of oil and the following won't do it any harm.
http://www.bloomberg.com/news/2011-07-25/oil-at-120-becomes-biggest-energy-bet-as-futures-leave-forecasters-behind.html

The biggest bet in the oil market has become a 20 percent increase to $120 by the end of the year as global growth drives demand for raw materials.
The number of contracts held by traders in options to buy West Texas Intermediate crude at $120 a barrel in December totaled 45,502 lots on the New York Mercantile Exchange as of July 21, 4,226 lots more than the next-highest wager, which is for $125. Open interest in the two contracts jumped 29 percent in the past four weeks, according to data compiled by Bloomberg.
Traders anticipate this year?s gains will exceed forecasts of the most accurate strategists as economic expansion in emerging markets outweighs the debt crisis in Europe, slowing U.S. growth and efforts by Saudi Arabia and the International Energy Agency to curb prices. Bullish bets mark a turnaround from April, when $80 a barrel was the favorite wager and futures fell as much as 22 percent in the next two months.