Iran says four tankers struck mines in the Strait of Hormuz, and fears of a US strike are growing ahead of and after the US midterms. Will oil price in the risk over the next week? The answer is Yes if the ICE Brent front-month futures settlement on Friday, November 6 is higher than the settlement on Friday, October 30. Yes if the ICE Brent front-month settlement price on Nov 6 is above the Oct 30 settlement.
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Iran says four tankers struck mines in the Strait of Hormuz, and fears of a US strike are growing ahead of and after the US midterms. Will oil price in the risk over the next week? The answer is Yes if the ICE Brent front-month futures settlement on Friday, November 6 is higher than the settlement on Friday, October 30. Yes if the ICE Brent front-month settlement price on Nov 6 is above the Oct 30 settlement.
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