Oil Traders Warn Market Running on Fumes Amid Price Jumps

"We've Burned Through All Buffers": Oil Traders Warn Market Running On Fumes

"We've Burned Through All Buffers": Oil Traders Warn Market Running On Fumes Brent crude futures jumped a little more than 4% to nearly $88 a barrel, putting the crude oil benchmark on track for its biggest weekly gain since April. That move followed an Axios report that said the Trump administration had notified Israel it was deploying additional aerial assets to the region, signaling the US military could expand strikes on Iran as soon as this weekend. Financial Times spoke...

By Tyler Durden