$WTI Crude up 1.83% at $101.52/barrel, driven by supply concerns from the Middle East conflict escalation. Brent Crude up 2% to $107.49/barrel, with the near-term spread widening to underscore physical tightness.
i. Oil prices surge as Iran war shows no signs of letting up.
ii. Donald Trump says US could ‘take the oil in Iran’.
iii. Oil soars with Brent heading for record monthly surge as Trump reportedly eyes Iran energy control.
OilRisesAbove$116#OilPricesDrop