
Oil Prices Jump on Renewed US Iran Hostilities
Oil prices jump on renewed US Iran hostilities as strikes near the Strait of Hormuz shake markets. USO surges 4.38% as traders reassess supply risk and short positioning.

Oil prices jump on renewed US Iran hostilities as strikes near the Strait of Hormuz shake markets. USO surges 4.38% as traders reassess supply risk and short positioning.

USO jumped 4.38% as oil rebounded from oversold levels. Behind the price swing lies a bigger question: how oil producers account for exploration costs, and why it matters to investors.

Crude oil's choppy trading this year shows why commodity traders lean on technical tools like moving averages, MACD, RSI and Bollinger Bands to time their moves.