WTI crude rallied roughly 10% this week as renewed U.S.-Iran fighting, unreliable Hormuz traffic and falling U.S. inventories restored a substantial geopolitical risk premium.

WTI crude prices hold steady above $89.50 amid Middle East tensions. New all-time high by December 31 at 11.5% YES.

WTI crude rallied roughly 10% this week as renewed U.S.-Iran fighting, unreliable Hormuz traffic and falling U.S. inventories restored a substantial geopolitical risk premium.