Market Update – Oil Dynamics, Jawboning, Spoofing, and Maybe Escorting

There’s been a whole lot of waiting in a dull market, and then sudden movement on more jawboning efforts to lower oil prices. Beyond the jawboning, there’s satellite navigation spoofing since yesterday to make the Strait of Hormuz “look” like it seeing more traffic than it is. You’ll see below. Early morning trade saw the…