#OilTops$100
🛢️ The Surge by the Numbers
Brent Crude: Rocketed past $114 per barrel (up ~23% from Friday’s close), even touching intraday highs of $118.
WTI Crude: Surged to $114 per barrel, a staggering 25% jump in a single session.
Gasoline & Diesel: US national averages have spiked to $3.45 and $4.60 per gallon respectively, with further hikes expected as the week progresses
🌪️ Why the "Price Explosion"?
The rally is being driven by a "perfect storm" of geopolitical and supply-side triggers:
Strait of Hormuz Paralysis: The critical waterway remains effectively closed. With 20% of global supply normally passing through this chokepoint, the halt in tanker traffic has created an immediate global shortfall
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