Oil swung Oct. 7 as Hormuz vessel attacks weighed against resilient flows

Oil rose in early Asian trade Oct. 7 on Middle East supply-disruption fears, WSJ reported, then fell in choppy trading, Bloomberg reported. Traders weighed more Iranian attacks on vessels in the Strait of Hormuz against resilient export flows. For households, that tug-of-war is why pump prices stay volatile without a clear break higher.