Nearly 8% of Norway oil workers threaten strike from June 5 - Reuters
Energy
Nearly 8% of Norway's oil workers are threatening to strike starting June 5, which could disrupt production from a key European supplier. This potential supply-side shock introduces a clear bullish catalyst for crude oil prices heading into the deadline.
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Angle
↑ LONG+5% target-3% stopTactical / 1-2 weeksJun 5 '24
Long oil (USO, XLE) into the June 5th Norway strike deadline, playing the supply disruption risk premium.