BNO is trading at $62.22, up +3.00%, as it rebounds with Brent after the prior session’s sharp selloff.
- Brent rose 2.5% to $96.95 in one report.
- Uncertainty over the Iran conflict and Gulf oil shipments is supporting prices, while hopes for diplomacy and recovering supply are limiting the rebound.
- This is a crude-market recovery, not a reflection of the technology-led broad-market decline.