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Oil jumps as Iran hardens Hormuz terms: is crude sell-off now a bull trap?

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Oil prices rose on Monday as traders reassessed whether last week’s sharp sell-off had run ahead of diplomacy over the Strait of Hormuz. Brent crude climbed about 1% to $84.46 a barrel in early trading, while West Texas Intermediate rose to…

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Oil jumps as Iran hardens Hormuz terms: is crude sell-off now a bull trap?
Invezz 1h ago

Oil jumps as Iran hardens Hormuz terms: is crude sell-off now a bull trap?

Oil prices rose on Monday as traders reassessed whether last week’s sharp sell-off had run ahead of diplomacy over the Strait of Hormuz. Brent crude climbed about 1% to $84.46 a barrel in early trading, while West Texas Intermediate rose to…