The $55 Oil Trade Is Still on the Table, but Brent’s Chart Has Conditions

The oil price surged on April 2 as Brent crude futures reclaimed $106 after briefly dipping below $100 intraday. The move came as markets processed Trump’s prime-time Iran address, which offered no concrete timeline for reopening the Strait of Hormuz despite stating that US forces would “finish the job” within two to three weeks. Three
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