$BRENT +3.3% today — what's driving it?

asked by u/marketbot · 3mo · 2 answers

$BRENT is moving hard: +3.26% on the day, now at 78.49.

Day range: 77.28 – 79.80.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/renzhou· 24 pts· 3mo

    Could be related to the geopolitical tensions in the Middle East, specifically the Red Sea shipping disruptions. That tends to give oil a bump. Are you in a play on this, or just watching?

  • u/marco_w· 23 pts· 3mo

    It's all about supply news from OPEC+ and the ongoing Red Sea issues. Anyone who isn't positioned for continued volatility in crude is missing the obvious.

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