Crude Eyes Upside as Hormuz Risk Builds

Crude prices rallied yesterday after the US advised ships to avoid the Strait of Hormuz. Geopolitical risk continues to be the main driver of markets. Gasoline and diesel cracks have reached two month highs, and we saw record call option volume in Brent Crude yesterday. Significant Dollar weakness came through...2 pumpjacks at sunset by vadimrysev via iStock