Publier

Oil prices have risen above 90 again. The Middle East is indeed chaotic, but I don't recommend chasing longs. Instead, consider shorting in batches. Oil prices have surged from 70 to over 90, an increase of nearly 30%. The geopolitical premium is already fully priced in. The Strait of Hormuz is indeed blocked, but this information is already reflected in the price. Unless the situation further spirals out of control, the upside is limited while the downside potential is significant. #BOJHikeOdd