Energy Futures Update

WTI Crude printed 68.09 high in after hours trading, on concerns about escalating tensions between US/UK and Iran.

Rumors of an actual attack led to this big spike, and really stress the danger of being short crude with the Iran dispute luring.

The capture of 15 British soldiers by armed Iranian forces, outline the latest development of the situation.

Traders are keyed up for new bullish action on strikes against Iran.

US inventories will further increase volatility today, as traders remain nervous - and will be watching the screens at 16:30 CET. Expected DOE: Crude 2025K exp; Gasoline -2050K exp; Distillate -1500K exp; Refinery 0.50% exp.