Crude Oil Futures Climbing on Geopolitical Risk

Crude Oil futures have rallied Monday into Tuesday, the light holiday volume in conjunction with the Russia-Ukraine situation led to a sharp move higher over the long holiday weekend. Heading into the weekend, we liked owning volatility and option premium on the thesis of a Russia-Ukraine escalation. This morning, we...Crude Oil pumpjack at sunset by Zbynek Burival via Unsplash