Oil Price moving up into the close is a good sign

[dan_s]

At 3:30 ET WTI is now up over 8%. Two hours ago it was up 6%.

I think the Wall Street Gang is coming around to the fact that the airstrikes against Iran are far from over. Plus, Israel did say that if Iran attacks their population centers, Israel might take out some of their oil export capacity.

There is risk to oil supply simply because tankers may not risk entering the Persian Gulf. Iran is very weak now, obviously no air defense, but they might try to shut down others from exporting oil from the Persian Gulf. Maybe a low chance of happening, but it would be a big problem is only successful for a week.