BNO is trading at $64.02, up 3.42%, as repeated tanker attacks near the Strait of Hormuz intensified fears of disruption to Middle Eastern oil supplies.
- A tanker north of Qatar was struck by projectiles.
- The EIA-reported U.S. crude inventory draw was 3.2 million barrels, exceeding the expected 1.7 million-barrel decline; Brent also climbed as supply concerns persisted.
- U.S. equities were modestly lower.