Brent crude swung back above $100 per barrel today as reports flow in about increasingly frequent Iranian attacks on tankers in Hormuz and U.S. Gulf of Mexico field operators began shutting in production ahead of a potential hurricane. At the time of writing, Brent crude was trading at $102.50 per barrel, up by over 2% from Wednesday’s close, while West Texas Intermediate was changing hands for $89.96 per barrel, up by 1.90% from Wednesday. Earlier this week, oil moved lower on the latest update from the International Energy Agency, which…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.