WTI oil rose 2.1% to $104.1, its highest close since September 15, and ended October up more than 15%. Brent is trading in the $113–118 range after an attack on a tanker in the Strait of Hormuz. Expensive $CL means higher inflation, and therefore a greater likelihood of a Fed rate hike, weighing on risk assets like $BTC . Next week: U.S. elections on November 3.
Will oil rise above $120 or pull back? 👇
#Oil