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Note the risks ❗❗❗
$CL Crude oil surged 4%: a major negative for the financial markets
US stocks, Bitcoin, and gold will all be pressured by the rise in crude oil
Everyone, be careful about the risks—if you’re using leverage, make sure to avoid them
The conflict in the Middle East continues to escalate. After the US military carried out a consecutive 11th round of strikes against Iran overnight, oil prices rose nearly 4% on Wednesday morning.
US Secretary of State Marco Rubio said the Strait of Hormuz is still the sticking point between the two sides.
At 5:00 a.m. Eastern Time, front-month U.S. West Texas Intermediate crude oil futures rose 4.40% to $88.05 per barrel.