BREAKING: US oil prices erase losses and turn positive on the day, now back above $97/barrel, as the Trump Administration does not provide a timeline on when the Iran war will end.
We are nearing $100/barrel as the US appears to have lost control of the oil market again.
BREAKING: US oil prices extend gains to +10% on the day, rising above $96.50/barrel.
Once again, it appears shorts are being squeeze as markets reassess the Iran war.