Hebe Chen

Head of Research, The Block
· tracked since Apr 2026
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BNO long +4.4%
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BNO long 1 month ago
Win Rate 100% Long 1 Short 0
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30d 100%
90d
Average Return +4.4% Long Return +4.4% Short Return -
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7d +20.0%
30d +12.3%
90d
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Long
Apr 22
$48.99
+4.4%
Oil stays elevated until supply resolved.
Oil will stay elevated above $90 per barrel for weeks and months because the current price reflects a reasonable war premium for the 30% global oil supply bottleneck at the Strait of Hormuz, and the market will need a very clear, meaningful, and sustainable resolution of the supply disruption before oil retreats below $80.
Energy
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