Stock analysis posts tagged "strait of hormuz" from Openbook.
Brent touched $110 on Hormuz attacks, then fell when Trump waived Russia sanctions. Exxon's own filing shows refining margins adding $4.5bn in Q3.
Gilts touched 6% and Brent hit $105.60, yet the FTSE 100 still finished the week about 0.9% higher. Friday's miner-led rally did all of the work.
Saudi Arabia shut the pipeline that let its crude bypass Hormuz, and Brent traded near $108. Shell is at a record high, so how much is already priced?
The Middle East to China tanker benchmark has doubled in a month. Clarkson clips a commission on every fixture, and its H1 profit rose 56% as a result.
Oil near $105 looks like a market that has absorbed the shock. It has not. A 507 million barrel inventory draw has been holding the price down, and that buffer is running out.
Wall Street spent the week repricing a Fed rate rise rather than a cut. What we flagged on Monday, how Broadcom and Dell landed, and Friday so far.