Oil Back Above $98 Again
Live Blog Update #3 Published
Oil prices are back above $98 after the U.S. hit Iranian production facilities, including the world’s biggest natural gas field.
As noted by CNN, the latest attacks will add to fears of a longer-lasting war. “Energy markets are having to continuously price in a more prolonged disruption to oil and gas flows through the Strait of Hormuz, with little sign of de-escalation or a resumption in oil and LNG flows through the key chokepoint,” Warren Patterson, head of commodities strategy at ING.
Iran is now warning of a major response, with warnings that facilities in Qatar, Saudi Arabia, and the United Arab Emirates are now at risk of being hit. There are also reports that NATO is refusing to help secure the Strait of Hormuz.
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With the U.S.-Iran war showing no signs of cooling, volatility is likely to spike even more. If you’re looking to trade higher volatility, check out ETFs such as:
ProShares Ultra VIX Short-Term Futures ETF (UVXY): The ETF was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index.
iPath S&P 500 VIX Short-Term Futures (VXX): The VXX provides exposure to the S&P 500 VIX Short-Term Futures Index.
ProShares VIX Short-Term Futures ETF (VIXY): ProShares VIX Short-Term Futures ETF provides long exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.
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Netflix is up slightly this morning after analysts at Citi reinstated a buy rating.
“We like Netflix for three reasons: 1) We see scope for NFLX to increase its FY26 EBIT guidance, 2) we expect a US price hike in 4Q26, and 3) we expect larger share repurchases. We see ~5% to ~17% upside from these catalysts,” said the firm, as quoted by CNBC.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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