Oil whipsaws on supply chaos
Crude is caught between geopolitical supply fears pushing Brent sharply higher and reports of tightened Iranian flows plus US diesel export restrictions whipsawing prices violently, and USO is selling off as traders take profits after the spike.
Sources: https://finance.yahoo.com/energy/articles/brent-oil-back-above-100-113546758.html, https://www.tradingvi
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works