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Crude oil #LC hit the target of 102.86. After the Strait of Hormuz is completely locked down, crude oil is expected to hold at high levels for a while until other countries like Saudi Arabia and the UAE start pumping out their crude in large volumes to stabilize prices. ​​
#LC

good evening The markets #LC $CL

There are 2,000 ships trapped in the Persian Gulf, with 870 of them being large vessels. The U.S. only had 2 that got out yesterday. There’s a possibility that they’ll let these ships out quickly, then permanently block the area turning it into dead water, and bomb Iran back to the Stone Age (Trump's exact words) to end the war. So, crude oil volatility is getting smaller in the near term. Expect a rise after the permanent blockade and bombing are implemented.
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