Temporarily Exited Oil Short Friday
For Fear of Exactly This
Temporarily Exited Oil Short Friday for fear of exactly this. US doesn’t ramp up physical military presence for nothing…
“Joint US-Israeli operation included 900 strikes launched in just the first 12 hours, targeting Iranian supreme leadership and military infrastructure.”
“Other senior officials, including the commander of the Revolutionary Guard and the defense minister, were also reported killed in the attacks.”
“Oil futures have experienced a sharp surge, rising by over 5% following attacks on Iran. Brent crude has moved up to roughly $73.18, and U.S. West Texas Intermediate (WTI) has increased to around $71.97, as markets brace for potential disruption in the Strait of Hormuz, with analysts forecasting further volatility.”
Plan is to re-enter my Oil short position based on Price-Indicator Disagreement next week.