Latest Oil Rally May Have Much Further to Run
Oil's latest rally is gathering speed as Hormuz and Bab el Mandeb disruptions squeeze global crude flows, with USO trading near yearly highs and traders eyeing 100 dollar barrels.
Oil's latest rally is gathering speed as Hormuz and Bab el Mandeb disruptions squeeze global crude flows, with USO trading near yearly highs and traders eyeing 100 dollar barrels.
: Wait, formatting error introduced accidentally. Traffic through Hormuz has ticked up again, still described by ING analysts as running in single digits but higher than before. U.S. Energy Secretary…
Crude oil dips even as the Red Sea turns into a geopolitical chokepoint, with Saudi Arabia's export routes squeezed between a Houthi blockade and Suez Canal limits. Here's what it…
