Hormuz Uncertainty Keeps Oil Markets on Edge
September WTI crude oil futures were trading at $84.12 late Thursday, down $6.35, or 7.02%, for the week. With Friday’s session still ahead, the weekly result is not final. But the week’s main story is clear: crude sold off hard when traders thought diplomacy could restore a workable route through t
Source: OilPrice.com
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DW NOTE
WTI is up 21% in a month but down 9% in a week — that's not risk premium, that's whipsaw. Oil traders are pricing Hormuz contagion one day and global demand collapse the next, which means they have no idea what they're pricing.