🚨 Breaking: Crude oil just posted its highest weekly close since June 2022 surging over 11 percent in a single day. WTI hit 111 dollars while Brent reached 109 amid massive monthly gains of nearly 50 percent for WTI 34 percent for Brent and a staggering 76 percent for Russian Urals. The relentless rally is fueled by the prolonged closure of the Strait of Hormuz which has cut off roughly 20 percent of global oil flows and triggered one of the biggest supply shocks in decades. Markets remain on edge as the Middle East conflict continues.
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