Brent crude futures extended gains for a fifth straight session, crossing the triple-digit mark for the first time since May 26, 2026.
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Brent crude futures expiring in September rose to $94.25 per barrel at the time of writing, while WTI crude futures expiring in September were at $87.54 per barrel.
Chris Rowe of True Market Insiders sees signs of a possible market correction and is positioning in GDXJ, XME and Battalion Oil to play a rotation into oversold metals and an oil headline hedge.
Oil prices climbed higher after reports emerged that the U.S. and Iran had exchanged fire, stoking concerns over the prolonged closure of the Strait of Hormuz.
Battalion Oil stock has experienced a nearly 7x rally in recent sessions as the U.S.-Iran war sent oil prices soaring. But owning BATL shares remains a risky proposition for 2026.