Crude Oil - Long Setup in Play on Hurricane Risk and ME Tensions
U.S. oil futures hit their highest in over a
month as a potential hurricane
threatened crude output in the Gulf of
Mexico and as an incident involving a
British tanker in the Middle East
highlighted ongoing tensions there.
Along with a lower USD, we like the
odds of further upside today.
month as a potential hurricane
threatened crude output in the Gulf of
Mexico and as an incident involving a
British tanker in the Middle East
highlighted ongoing tensions there.
Along with a lower USD, we like the
odds of further upside today.