Mar. 20 at 7:15 PM
Oil risk premium is getting crushed right now 📉
Netanyahu says Iran can no longer enrich uranium or build ballistic missiles — and Israel pledges to help reopen the Strait of Hormuz. That's a massive de-escalation in the Middle East geopolitical story that's been propping up crude all year.
$CL $USO $XLE all fading after-hours on the headlines. Strait of Hormuz reopening removes the supply disruption fear trade entirely.
Watching how
$CL holds into tomorrow's open — gap fill or relief rally in energy equities? Fade the geopolitical premium.
#Oil #CrudeOil #EnergyTrading