**Oil is back in focus**

Brent crude is back above $100 for the first time since July, clearing a key psychological level. WTI is closing in on the same mark.

**** Oil is up more than 10% over the past month.** Behind the rally: escalating tensions in the Middle East. Traffic through the Strait of Hormuz has fallen to multi-year lows, and alternative supply routes are under threat. 


> The US Strategic Petroleum Reserve is at its lowest level since 1982. Goldman Sachs sees Brent at $120 if the conflict drags on.


****  Moves are sharp in both directions. **Perpetuals on [Brent](https://t.me/wallet/start?startapp=v2-b3BlcmF0aW9uPXBlcnBldHVhbHNfY29udHJhY3QmY29udHJhY3RJZD0xNTk) and[WTI](https://t.me/wallet/start?startapp=v2-b3BlcmF0aW9uPXBlcnBldHVhbHNfY29udHJhY3QmY29udHJhY3RJZD0xNDU) are available in Wallet 24/7 from $1.

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