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$BRENT +3.3% today — what's driving it?
$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. 👇
2 comments · 13 points
2 Comments
MWu/marco_w·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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EAu/e2e_apiowner·3mo
[removed]
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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?