RE:Oil markets are a scam…Looks like a shipping accident at the narrows between the persian gulf and gulf of oman. This is a notoriously tricky route to navigate with all the shipping traffic, especially at night with some ships turning off their transponders to avoid detection. Apparently it was heading to the US. Likely a minor inconvenience with no immediate impact as it takes a month or two to get to the US.
Hold tight everyone, today could be a rough day. Hopefully we don't see WTI go below $73.