As the Russia–Ukraine conflict continues to rattle global markets, some traders are betting on crude oil prices going over $200 per barrel this month suggesting relief, in terms of fuel and related costs, is still far off. The prices of call option contracts for higher crude oil prices rose on Monday according to an analysis of ICE Futures Europe data by Bloomberg. Roughly 200 options contracts were traded on March 7 for May Brent futures at $200 a barrel. The price of these options, which expire on March 28, spiked by 152 percent. The cost of $180 per barrel June Brent call options jumped 110 percent on Monday compared to Friday while $150 per barrel call options doubled during this period. Traders are worried that Russian supplies of oil could be severely disrupted, as the country is one of the biggest worldwide suppliers. Russia’s total oil production stood at 11.3 …