USO Bear Bullish Spread Steps in as Oil Surge Amplifies Volatility
@OptionsAura:
On March 9th, the international oil price soared sharply against the background of further escalation of the situation in the Middle East. The market's worries about the blockage of transportation in the Strait of Hormuz and the interruption of crude oil supply in the Middle East rose rapidly, pushing Brent crude oil to rise to $119.50/barrel once.$WTI Crude Oil Main 2604 (CLmain) $Simultaneous surge. At the same time, Iraq's crude oil production has dropped sharply, and the G7 has also begun to discuss the joint release of emergency oil reserves, indicating that the current crude oil market has entered a stage of high risk and high volatility. Corresponding to USO, although the short-term trend is still strong, the price has risen significantly,
