Hedging

Trade of The Week – Brent Oil Price Struggles Above $105 as Saudi Pipeline Repairs, Hormuz Transits and Record Supply Cap the Rally

The oil market entered the week with traders expecting a potentially sharp increase in crude prices after a major escalation in Middle Eastern supply risks. Attacks by the Houthis, an Iranian-backed group, targeted more than 70 sites in Saudi Arabia, including the strategically important East-West pipeline, which allows Saudi crude to bypass the Strait of […]

by Currency Hedger

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• 3 weeks ago