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WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against the risk that shipping conditions have not normalized. The contract fell to $88.67 Tuesday after reports that Iran could reopen the Strait within seven days, then recovered to $96.78 Thursday as the diplomatic story ran into the same problem it had all week: no agreement, no normal tanker traffic, and no proof the physical market is back to normal. At 22:00 GMT Thursday, November, WTI crude oil futures were trading at $94.76, down $0.71 or…
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- London gold vs COMEXLondon-gold searches meet a COMEX reference here. The global London row is FX only — no invented fix.
- What is COMEX gold?How to read USD/oz futures and relate them to jewelry quotes.
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