Market Still Betting on Timely Resolution, But Each Day Raises Shortage Risk
Down on Friday.
Up on Monday. The Brent June crude oil contract traded down 5.
1% last week to a close of $90.
38/b.
It reached a high of $103.
87/b last Monday and a low of $86.
09/b on Friday as Iran announced that the Strait of Hormuz was fully open for transit.
That quickly changed over the weekend as.