The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There were also reports that flows could resume beyond the US, Israel and their allies. Scott Bessent told CNBC that the […]The post RBA Fires the First Hawkish Shot as Oil Settles Near $100pb appeared first on ActionForex.