Futures Jump, Oil Tumbles As Well-Timed Comments Spark Latest Round Of Hormuz Optimism

Futures Jump, Oil Tumbles As Well-Timed Comments Spark Latest Round Of Hormuz Optimism US equity futures were trading near session lows with bond yields at August highs of 4.74% and Brent rising above $90 for the first time in two weeks when - with just hours until the market open - we had the now standard double-whammy of well-timed "imminent deal optimism" thanks first to the Qatar foreign ministry, followed less than an hour later by comments from the Pakistan defense ministe...

By Tyler Durden