Oil Climbs on U.S.-Iran Spat

The video discusses the impact of political tensions between the US and Iran on traders at the CME, highlighting the market's reaction to recent tweetstorms and comments from key political figures. It also covers the volatility in the oil market, noting significant long liquidations and the influence of CFTC data. Additionally, the video explores trends in the copper and metal markets, emphasizing the role of tariffs and the potential for copper to benefit despite economic challenges.

What significant market behavior was noted regarding long liquidations in oil?

What are the potential outcomes for copper in relation to the tariffs between the United States and China?