After the dramatic oil price swings via the Israeli stealth missile and drone attacks on Iran, to which Israel denies and Iran played down, the oil price is still bid over $82. All eyes on ISrael's Northern Border with Lebanon. ISrael may launch far more extensive aerial attacks on Hezbollah positions.

The oil price loses its risk premium, as the Israeli/Iran escalation seems to have abated, for now.

Yet, oil retains its bid of $82, trading over its price supports of 80 and 81.50 despite bloated U.S. stockpiles of oil.  Which indicates the market is still concerned about a broader war in the Middle East.  Also note that OVX (oil volatility index) is showing signs of extreme price swings.  Please refer to the above Chart and below pane.

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All oil analysis and commentary on Chiasmus: chiasmusmagazine.blogspot.com/search/label/oil%20price