• The recent sell-off in Crude Oil halts, but losses are still of more than 6% this week so far. 
• Oil remains supported as markets see harsh rhetoric from Israel’s opposition party to bomb Iranian Oil fields. 
• The US Dollar Index has pushed through strong resistance on its way to 104.00.

Crude Oil sees its sell-off stall on Wednesday on the back of harsh rhetoric from Israel’s opposition party. The comments were published in the Jerusalem Post on Tuesday and came from the Yest Atid Party head, Yair Lapid, who called for an immediate attack on Iranian Oil fields. Such an attack would defy the request from the US administration not to do so, contributing to the escalatory spiral between the two countries and increasing the potential of a wider conflict. 

The US Dollar Index (DXY), which tracks the performance of the Greenback against six other currencies, advances to a fresh two-month high to levels not seen since August this year. The additional surge in the Greenback came after former US President Donald Trump interview on Bloomberg, in which he further outlined his economic plans if he were to become President again. Traders are placing more bets on the assumption Trump will win on November 5.