Core Viewpoint - Oil futures have risen for three consecutive sessions, reaching multi-month highs due to heightened U.S.-Iran tensions, with military movements in the Middle East raising expectations of potential action against Iran [1] Group 1: Market Dynamics - The market is experiencing a momentum-driven rally rather than responding to a single news headline, indicating a shift in trading behavior [1] - The rally appears to be reflexive, with rising prices attracting more buying interest as recent lows become less significant [1] Group 2: Trading Volume and Positioning - Increased trading volume suggests a rebuilding of positions following a defensive period, indicating a more bullish sentiment among traders [1] - The focus is now on whether the market can sustain prices in the mid-$60s range or if profit-taking will occur [1]