US crude exports hit record high in May as Iran war tightens global oil supplies - Reuters
Energy
United States crude oil exports reached a record high in May, according to Reuters. This surge is attributed to a tightening of global supplies stemming from a reported war involving Iran, a major oil producer.
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↑ LONG+12% target-5% stop1-3 months
Long US energy producers (XLE) as Mideast conflict and record exports drive a structural re-pricing of crude.