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🚨 BREAKING: OIL MARKET SHOCKWAVE CRUDE CRASHES BELOW $90!
U.S. crude #oil prices are extending losses and have plunged below $90 per barrel as President Trump continues to hint that a major U.S.-Iran agreement could be approaching.
The market is rapidly repricing geopolitical risk, with traders reacting to expectations of improved global supply and easing tensions in the Middle East.
Energy markets are on high alert as every new development surrounding U.S.-Iran negotiations sends fresh waves through oil prices. 📉🛢️
$XAG $XAU $GOOGL
#CPIWatch #Over200CryptoGroupsUrgeSenateCLARITYActVote #HumanityHackerStealsOver$20M #trump
U.S. crude #oil prices are extending losses and have plunged below $90 per barrel as President Trump continues to hint that a major U.S.-Iran agreement could be approaching.
The market is rapidly repricing geopolitical risk, with traders reacting to expectations of improved global supply and easing tensions in the Middle East.
Energy markets are on high alert as every new development surrounding U.S.-Iran negotiations sends fresh waves through oil prices. 📉🛢️
$XAG $XAU $GOOGL
#CPIWatch #Over200CryptoGroupsUrgeSenateCLARITYActVote #HumanityHackerStealsOver$20M #trump
Miriam Gillice Lwtx:
https://gtar.abit-coins.com/register?proCode=gt_27n7fbpe
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Oil's Rally Is Fading Fast 📉
$CL has erased a large part of its geopolitical premium, with prices sliding back toward levels seen before the Iran–US–Israel headlines dominated the market.
What's interesting is that crude is dropping, but fuel prices on the ground rarely move down with the same speed. Traders have seen this story before.
Now all eyes are on the next move:
🔻 Will oil continue cooling toward lower support zones?
🚀 Or will buyers step in and push $CL back toward the $100 area?
The trend is bearish for now, but volatility in energy markets can change everything in a matter of days. 👀
#Oil #CLUSDT
$CL has erased a large part of its geopolitical premium, with prices sliding back toward levels seen before the Iran–US–Israel headlines dominated the market.
What's interesting is that crude is dropping, but fuel prices on the ground rarely move down with the same speed. Traders have seen this story before.
Now all eyes are on the next move:
🔻 Will oil continue cooling toward lower support zones?
🚀 Or will buyers step in and push $CL back toward the $100 area?
The trend is bearish for now, but volatility in energy markets can change everything in a matter of days. 👀
#Oil #CLUSDT
📉 Oil is going down The price has almost returned to the levels it was before the conflict between Iran, the US and Israel.
🤬But at our gas stations, it seems, the market laws are in effect. Oil is getting cheaper, and fuel prices don't notice it (they say they bought it at $120). Trade oil. #oil #iran
$BZ
$CL
🤬But at our gas stations, it seems, the market laws are in effect. Oil is getting cheaper, and fuel prices don't notice it (they say they bought it at $120). Trade oil. #oil #iran
$BZ
$CL
$CL OIL RISK PREMIUM JUST VANISHED ⚠️
Entry: 88.20 🔻
Target: 85.50-86.00 📉
Crude’s sharp reversal reflects a rapid removal of geopolitical risk premium as escalation fears ease. The break below WTI’s $90.00 psychological support shifts near-term momentum toward sellers, with liquidation pressure reinforcing the move. Traders are now refocusing on inventories, macro data, demand softness, and resilient non-OPEC supply.
Not financial advice. Manage your risk.
#Crypto #Trading #Macro #Oil #BinanceSquare
📊
Entry: 88.20 🔻
Target: 85.50-86.00 📉
Crude’s sharp reversal reflects a rapid removal of geopolitical risk premium as escalation fears ease. The break below WTI’s $90.00 psychological support shifts near-term momentum toward sellers, with liquidation pressure reinforcing the move. Traders are now refocusing on inventories, macro data, demand softness, and resilient non-OPEC supply.
Not financial advice. Manage your risk.
#Crypto #Trading #Macro #Oil #BinanceSquare
📊
WTI Is High Today. The Curve Says Lower Tomorrow.
WTI Spot: ~$88
📍 Apr 2027 Futures: ~$76
The futures curve is currently pricing an approximate decline of:
📉 -$12 per barrel
or roughly
📉 -13% from current spot prices.
What does this mean?
• The market expects today's elevated prices to ease over time
• Future supply conditions may improve
• Current geopolitical or short-term risks may be viewed as temporary
• The curve remains in backwardation, with future contracts trading below spot
The key takeaway:
Today's oil price reflects current conditions.
The futures market reflects expectations.
And right now, expectations point lower.
$CL
#WTI #Oil #Commodities #Trading
WTI Spot: ~$88
📍 Apr 2027 Futures: ~$76
The futures curve is currently pricing an approximate decline of:
📉 -$12 per barrel
or roughly
📉 -13% from current spot prices.
What does this mean?
• The market expects today's elevated prices to ease over time
• Future supply conditions may improve
• Current geopolitical or short-term risks may be viewed as temporary
• The curve remains in backwardation, with future contracts trading below spot
The key takeaway:
Today's oil price reflects current conditions.
The futures market reflects expectations.
And right now, expectations point lower.
$CL
#WTI #Oil #Commodities #Trading
CRUDE JUST LOST THE FLOOR $CL ⚡
Entry: 88.20 🔥
Target: 85.50-86.00 ✅
Oil risk premium is getting ripped out fast.
WTI broke under the $90 psychological level. Brent slipped near $91.45 after losing $93 support. Longs got flushed as escalation fear cooled and supply-demand pressure moved back into control.
Momentum is with sellers right now. Inventory data and macro prints are the next triggers.
Not financial advice. Manage your risk.
#Oil #Macro #Trading #Commodities #MarketUpdate
⚡
Entry: 88.20 🔥
Target: 85.50-86.00 ✅
Oil risk premium is getting ripped out fast.
WTI broke under the $90 psychological level. Brent slipped near $91.45 after losing $93 support. Longs got flushed as escalation fear cooled and supply-demand pressure moved back into control.
Momentum is with sellers right now. Inventory data and macro prints are the next triggers.
Not financial advice. Manage your risk.
#Oil #Macro #Trading #Commodities #MarketUpdate
⚡
OIL PREMIUM FADES AS $C TESTS BUYER DEPTH 📉
100 area 🚀
$C has retraced much of its geopolitical premium, with momentum shifting back toward pre-headline levels. The near-term structure remains bearish, but energy markets can reprice quickly if liquidity thins or fresh supply-risk headlines return. For traders, the key is whether lower support attracts demand or whether the unwind continues.
Not financial advice. Manage your risk.
#Oil #Commodities #Trading #Macro #Markets
⚡
100 area 🚀
$C has retraced much of its geopolitical premium, with momentum shifting back toward pre-headline levels. The near-term structure remains bearish, but energy markets can reprice quickly if liquidity thins or fresh supply-risk headlines return. For traders, the key is whether lower support attracts demand or whether the unwind continues.
Not financial advice. Manage your risk.
#Oil #Commodities #Trading #Macro #Markets
⚡
$C RALLY PREMIUM JUST GOT HIT 📉
$C has erased a large part of its geopolitical premium as crude slides back toward pre-headline levels. The key shift: oil is cooling fast, but retail fuel prices usually lag on the way down, keeping pressure on consumers and margins.
Bearish momentum is in control right now.
Energy volatility can flip hard, but the current tape says premium is coming out, not stacking in.
Not financial advice. Manage your risk.
#Oil #Commodities #Trading #Markets
⚡
$C has erased a large part of its geopolitical premium as crude slides back toward pre-headline levels. The key shift: oil is cooling fast, but retail fuel prices usually lag on the way down, keeping pressure on consumers and margins.
Bearish momentum is in control right now.
Energy volatility can flip hard, but the current tape says premium is coming out, not stacking in.
Not financial advice. Manage your risk.
#Oil #Commodities #Trading #Markets
⚡
📢 OPEC+ Shocks Oil Markets Again! 🛢️
OPEC+ has officially approved another 188,000 barrels/day production hike for July, but there’s one major problem — much of this extra oil may never reach the market while the Strait of Hormuz remains blocked amid escalating U.S.-Israel-Iran tensions.
Since April, the alliance announced nearly 600,000 barrels/day in additional supply, yet real production remains heavily disrupted. Iraq’s output alone reportedly collapsed from 4M to just 1.4M barrels/day due to tanker restrictions.
Meanwhile, crude prices continue to surge, gaining over $20 per barrel since the conflict began, with several spikes above $100. Traders still expect Hormuz to reopen soon, but until that happens, fears of supply shortages dominate the market.
📈 If the strait reopens, analysts warn oil could rapidly shift from “shortage panic” to “oversupply fear.”
Energy markets are entering a highly volatile phase — traders should stay alert. ⚡🛢️
#OPEC #Oil #CryptoNews
👀 $FTT $ALLO $LAYER
OPEC+ has officially approved another 188,000 barrels/day production hike for July, but there’s one major problem — much of this extra oil may never reach the market while the Strait of Hormuz remains blocked amid escalating U.S.-Israel-Iran tensions.
Since April, the alliance announced nearly 600,000 barrels/day in additional supply, yet real production remains heavily disrupted. Iraq’s output alone reportedly collapsed from 4M to just 1.4M barrels/day due to tanker restrictions.
Meanwhile, crude prices continue to surge, gaining over $20 per barrel since the conflict began, with several spikes above $100. Traders still expect Hormuz to reopen soon, but until that happens, fears of supply shortages dominate the market.
📈 If the strait reopens, analysts warn oil could rapidly shift from “shortage panic” to “oversupply fear.”
Energy markets are entering a highly volatile phase — traders should stay alert. ⚡🛢️
#OPEC #Oil #CryptoNews
👀 $FTT $ALLO $LAYER
🚨 Iran Blocks Bab al-Mandab Strait? Middle East Tensions Spark Global Trade Fears
Reports claim Iran and allied forces have moved to block or disrupt the Bab al-Mandab Strait amid continued Israeli strikes, raising fears of a major shock to global oil supply and shipping routes. The Bab al-Mandab is one of the world’s most important maritime chokepoints, linking the Red Sea to the Gulf of Aden.
🔹 Key Facts:
• The Iran-backed Houthis in Yemen have announced restrictions targeting Israeli-linked shipping in the Red Sea, increasing risks around the Bab al-Mandab corridor.
• The Bab al-Mandab handles a major share of global oil and trade flows, meaning disruptions could push oil prices higher and pressure financial markets.
• Escalating Iran–Israel tensions are fueling uncertainty, with investors closely watching energy markets and geopolitical developments.
💡 Expert Insight:
If disruption expands beyond Israeli-linked vessels into broader commercial shipping, oil, gold, and safe-haven assets could surge, while crypto and risk assets may experience increased volatility. For now, markets are watching whether this remains a targeted shipping restriction or escalates into a wider blockade.
#Oil #Gold #MiddleEast #IranIsrael #CryptoNews
$BZ $CL $XAU
Reports claim Iran and allied forces have moved to block or disrupt the Bab al-Mandab Strait amid continued Israeli strikes, raising fears of a major shock to global oil supply and shipping routes. The Bab al-Mandab is one of the world’s most important maritime chokepoints, linking the Red Sea to the Gulf of Aden.
🔹 Key Facts:
• The Iran-backed Houthis in Yemen have announced restrictions targeting Israeli-linked shipping in the Red Sea, increasing risks around the Bab al-Mandab corridor.
• The Bab al-Mandab handles a major share of global oil and trade flows, meaning disruptions could push oil prices higher and pressure financial markets.
• Escalating Iran–Israel tensions are fueling uncertainty, with investors closely watching energy markets and geopolitical developments.
💡 Expert Insight:
If disruption expands beyond Israeli-linked vessels into broader commercial shipping, oil, gold, and safe-haven assets could surge, while crypto and risk assets may experience increased volatility. For now, markets are watching whether this remains a targeted shipping restriction or escalates into a wider blockade.
#Oil #Gold #MiddleEast #IranIsrael #CryptoNews
$BZ $CL $XAU
🚨 STRAIT OF HORMUZ IN FOCUS 🌍⚠️
🔥 Rising Middle East tensions are putting global markets on alert.
⛽ Nearly 20% of the world's oil supply moves through the Strait of Hormuz, making it one of the most critical energy routes on Earth.
📈 Any major disruption could impact oil prices, shipping routes, inflation, and broader financial markets.
👀 Traders and investors are closely watching developments as uncertainty continues to build.
Trade Now here 👇
$BTC
$CL
$NVDA
#Oil #Markets #Geopolitics #Economy
🔥 Rising Middle East tensions are putting global markets on alert.
⛽ Nearly 20% of the world's oil supply moves through the Strait of Hormuz, making it one of the most critical energy routes on Earth.
📈 Any major disruption could impact oil prices, shipping routes, inflation, and broader financial markets.
👀 Traders and investors are closely watching developments as uncertainty continues to build.
Trade Now here 👇
$BTC
$CL
$NVDA
#Oil #Markets #Geopolitics #Economy
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#TrumpSaysIranAttackWillNotAffectUSDeal
Global oil prices jump as Israel, Iran trade blows
Oil prices continue to rise amid renewed escalation in the Middle East. Brent rose to $96.64 in Asian trading, up 3.8% in a day. WTI rose 4.6% to $94.68.
What's happening to prices
Markets reacted sharply after Iran's missile strike on Israel and Israel's subsequent response. Brent rose to $96.64 in Asian trading, up 3.8%. WTI rose 4.6% to $94.68.
Since the conflict began in late February, Brent has reached a high of $126 a barrel. Rising fuel prices are fueling inflation around the world and undermining Trump's approval ratings.
Why Markets Are Nervous
Traders fear the exchange of blows could escalate into a return to full-scale conflict and bury hopes of a deal to open the Strait of Hormuz. #IsraelStrikesIranMilitaryTargets #IranStrikesIsraelOilPriceRises #oil
$BZ
$CL
Global oil prices jump as Israel, Iran trade blows
Oil prices continue to rise amid renewed escalation in the Middle East. Brent rose to $96.64 in Asian trading, up 3.8% in a day. WTI rose 4.6% to $94.68.
What's happening to prices
Markets reacted sharply after Iran's missile strike on Israel and Israel's subsequent response. Brent rose to $96.64 in Asian trading, up 3.8%. WTI rose 4.6% to $94.68.
Since the conflict began in late February, Brent has reached a high of $126 a barrel. Rising fuel prices are fueling inflation around the world and undermining Trump's approval ratings.
Why Markets Are Nervous
Traders fear the exchange of blows could escalate into a return to full-scale conflict and bury hopes of a deal to open the Strait of Hormuz. #IsraelStrikesIranMilitaryTargets #IranStrikesIsraelOilPriceRises #oil
$BZ
$CL
The image highlights growing concerns over rising jet fuel prices, largely driven by tensions surrounding the Strait of Hormuz, one of the world's most important energy transit routes. As a significant share of global oil shipments passes through this strategic waterway, any uncertainty in the region can impact energy markets and push fuel costs higher. The infographic suggests that increasing fuel prices may place additional pressure on airlines, raise transportation expenses, and contribute to broader inflationary trends. It also emphasizes how closely investors and global markets monitor energy supply risks, as changes in oil and fuel prices can influence economic activity worldwide.
#oil #JetFuel #BİNANCESQUARE #Investing #GlobalMarkets
#oil #JetFuel #BİNANCESQUARE #Investing #GlobalMarkets
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#USIranFreshStrikesPeaceDealStalls
The world is burning through reserves at a record pace, but there is no catastrophe yet.
For decades, it was believed that the closure of the Strait of Hormuz would cause a global economic catastrophe. It has been more than three months since the movement through this key artery was effectively blocked, but oil still costs less than $ 100 per barrel, although many experts predicted an increase to $ 200-300.
The main reasons, writes Bloomberg, were a record increase in exports from the United States, a sharp drop in demand in China, the partial preservation of supplies through the Strait of Hormuz and the excess supply that existed on the market even before the war..
China unexpectedly became the main factor
One of the biggest surprises for the market was China - the world's largest oil importer.
In May, oil imports to the country fell by almost 40% compared to the average of last year. This compensated for a significant part of the losses from the reduction in supplies from the Middle East.
Several factors have affected demand:
China has stopped actively replenishing its strategic oil reserves;
the chemical industry is increasingly using coal instead of oil;
the rapid spread of electric vehicles is reducing gasoline consumption.#oil #Hormuz #iran #china
$BZ
$CL
$BNB
The world is burning through reserves at a record pace, but there is no catastrophe yet.
For decades, it was believed that the closure of the Strait of Hormuz would cause a global economic catastrophe. It has been more than three months since the movement through this key artery was effectively blocked, but oil still costs less than $ 100 per barrel, although many experts predicted an increase to $ 200-300.
The main reasons, writes Bloomberg, were a record increase in exports from the United States, a sharp drop in demand in China, the partial preservation of supplies through the Strait of Hormuz and the excess supply that existed on the market even before the war..
China unexpectedly became the main factor
One of the biggest surprises for the market was China - the world's largest oil importer.
In May, oil imports to the country fell by almost 40% compared to the average of last year. This compensated for a significant part of the losses from the reduction in supplies from the Middle East.
Several factors have affected demand:
China has stopped actively replenishing its strategic oil reserves;
the chemical industry is increasingly using coal instead of oil;
the rapid spread of electric vehicles is reducing gasoline consumption.#oil #Hormuz #iran #china
$BZ
$CL
$BNB
🚨 الخبر العاجل أعلنت الولايات المتحدة رسمياً بدء هجوم عسكري ضد أهداف في إيران، حيث أكد الجيش الأمريكي أن قوات القيادة المركزية بدأت بشن ضربات دفاعية بتوجيه من القائد الأعلى للقوات المسلحة.
بناءً على هذا التصعيد الجيوسياسي العنيف في المنطقة إليك تفاصيل صفقة $CL
🎯 تفاصيل الصفقة:
الدخول: 88 - 87.50
الأهداف:
هدف 1: 90.50
هدف 2: 92.80
هدف 3: 94.70
هدف 4: 97.00
وقف الخسارة: 85
مؤشر RSI يرتد صعوداً نحو مستويات 57.7 بالتزامن مع تقاطع إيجابي واضح على مؤشر MACD وصعود في السيولة التراكمية (OBV)، مما يعكس دخول زخم شرائي قوي وقوي يدعم استمرار الانفجار السعري للنفط نتيجة التوترات الراهنة.
تداول هنا $CL
$BZ
#WTI #Oil #BinanceSquare #FUTURES
بناءً على هذا التصعيد الجيوسياسي العنيف في المنطقة إليك تفاصيل صفقة $CL
🎯 تفاصيل الصفقة:
الدخول: 88 - 87.50
الأهداف:
هدف 1: 90.50
هدف 2: 92.80
هدف 3: 94.70
هدف 4: 97.00
وقف الخسارة: 85
مؤشر RSI يرتد صعوداً نحو مستويات 57.7 بالتزامن مع تقاطع إيجابي واضح على مؤشر MACD وصعود في السيولة التراكمية (OBV)، مما يعكس دخول زخم شرائي قوي وقوي يدعم استمرار الانفجار السعري للنفط نتيجة التوترات الراهنة.
تداول هنا $CL
$BZ
#WTI #Oil #BinanceSquare #FUTURES
🛢️ Oil Market Alert: Why Crude Is Still Below $100 Despite Supply Disruptions
Many analysts expected oil prices to surge above $200 after major disruptions in Middle East supply routes. Yet crude continues to trade below $100.
📌 What's keeping prices under control?
✅ Strong U.S. crude exports helping offset lost supply.
✅ Lower demand from China, with imports significantly below previous levels.
✅ Strategic petroleum reserves released into the market to ease shortages.
⚠️ However, these buffers may not last forever:
Global oil inventories are shrinking.
Storage levels are approaching critical lows.
Supply routes remain heavily disrupted.
The market could face a larger deficit if demand rebounds.
Key takeaway:
The oil market has shown surprising resilience, but tightening inventories and ongoing geopolitical risks mean volatility remains high. Traders should keep a close eye on supply data, inventory reports, and developments in the Middle East.
#Oil #CrudeOil #Energy #Commodities #$Trading #BinanceSquare #MarketNews #Investing #CryptoNews #GlobalMarkets
Many analysts expected oil prices to surge above $200 after major disruptions in Middle East supply routes. Yet crude continues to trade below $100.
📌 What's keeping prices under control?
✅ Strong U.S. crude exports helping offset lost supply.
✅ Lower demand from China, with imports significantly below previous levels.
✅ Strategic petroleum reserves released into the market to ease shortages.
⚠️ However, these buffers may not last forever:
Global oil inventories are shrinking.
Storage levels are approaching critical lows.
Supply routes remain heavily disrupted.
The market could face a larger deficit if demand rebounds.
Key takeaway:
The oil market has shown surprising resilience, but tightening inventories and ongoing geopolitical risks mean volatility remains high. Traders should keep a close eye on supply data, inventory reports, and developments in the Middle East.
#Oil #CrudeOil #Energy #Commodities #$Trading #BinanceSquare #MarketNews #Investing #CryptoNews #GlobalMarkets
The key focus of this story is the surprising stability in oil prices despite what is being described as one of the largest supply shocks in modern history. Normally, a disruption like the partial closure of the Strait of Hormuz—a critical route for global oil shipments—would have sent prices soaring toward $200 per barrel. Instead, oil has remained below $100, challenging long-standing assumptions about how fragile global energy markets really are.
One of the biggest reasons for this resilience is the role of the United States as a major oil exporter. Thanks to years of growth in shale production, the U.S. has been able to significantly increase exports, effectively acting as a “shock absorber” for the global market. At the same time, governments released large amounts of oil from strategic reserves, helping to offset lost supply and stabilize prices in the short term.
Another major factor is weaker demand—especially from China, the world’s largest oil importer. Chinese imports dropped sharply, reducing global demand enough to counterbalance a significant portion of the supply loss. This unexpected slowdown has played a crucial role in keeping prices from spiking as dramatically as many analysts had predicted.
There have also been logistical adaptations across the industry. Oil shipments have been rerouted through alternative paths, and some tankers have continued moving through risky areas despite the conflict. In addition, certain policy decisions—such as easing restrictions on Russian oil flows—have helped maintain supply levels in key markets like India, further preventing a severe shortage.
However, the situation remains fragile. Global oil inventories are declining quickly, and many of the temporary solutions—like reserve releases and elevated U.S. exports—may not be sustainable over the long term. If demand rebounds or another disruption occurs, the market could tighten rapidly, potentially leading to sharp price increases later.$CL
#HistoricOilShockBuffersDepleting #oil #OilShock
One of the biggest reasons for this resilience is the role of the United States as a major oil exporter. Thanks to years of growth in shale production, the U.S. has been able to significantly increase exports, effectively acting as a “shock absorber” for the global market. At the same time, governments released large amounts of oil from strategic reserves, helping to offset lost supply and stabilize prices in the short term.
Another major factor is weaker demand—especially from China, the world’s largest oil importer. Chinese imports dropped sharply, reducing global demand enough to counterbalance a significant portion of the supply loss. This unexpected slowdown has played a crucial role in keeping prices from spiking as dramatically as many analysts had predicted.
There have also been logistical adaptations across the industry. Oil shipments have been rerouted through alternative paths, and some tankers have continued moving through risky areas despite the conflict. In addition, certain policy decisions—such as easing restrictions on Russian oil flows—have helped maintain supply levels in key markets like India, further preventing a severe shortage.
However, the situation remains fragile. Global oil inventories are declining quickly, and many of the temporary solutions—like reserve releases and elevated U.S. exports—may not be sustainable over the long term. If demand rebounds or another disruption occurs, the market could tighten rapidly, potentially leading to sharp price increases later.$CL
#HistoricOilShockBuffersDepleting #oil #OilShock
Verifierad
Reached, and industry leaders and analysts are warning of the possibility of another oil shock in the coming weeks, one strong enough to destabilize financial markets as a whole.
“We are approaching unprecedented lows in inventory levels. I mean really low. It’s debatable whether those lows will be reached in two or three weeks. But once we get there, prices will go up dramatically,” said Neil Chapman, a senior vice president at Exxon Mobil.
Chapman said that if inventory levels fall significantly, the price of fixed-price Brent crude, which is used to price more than 60% of the global oil market, could rise to $150 or $160 a barrel.
Crude oil stocks and the release of funds from the strategic reserve have helped to keep oil prices under control for four months while the war with Iran has disrupted supplies to much of the world. Oil futures are trading below $100 a barrel, even though the strait remains effectively closed.
For days, US President Donald Trump has said a deal to reopen the strait is imminent. But that remains elusive, and warnings from the oil industry have become increasingly harsh.
If the drawdown continues at the current pace, global oil inventories could reach critical lows just as summer demand for the fuel peaks, Toril Bossoni, head of the International Energy Agency’s petroleum industry and markets division, said on Tuesday.
“Once those (reserves) are depleted, prices will have to do most of the work of the adjustment themselves. “This means either consumers will pay more or demand will be destroyed,” said Mehmet Beceren, vice president and senior market strategist at Rosenberg Research, adding that the tipping point could be reached by the end of June.
“Oil prices are likely to rise rapidly in the second half of June” unless production in the Strait of Hormuz returns to pre-conflict levels, JPMorgan’s Data Assets and Alpha group predicted, citing the bank’s research.
#oil #iran #US #Hormuz #IranWarnsOfHormuzStraitClosure
$BZ
$CL
“We are approaching unprecedented lows in inventory levels. I mean really low. It’s debatable whether those lows will be reached in two or three weeks. But once we get there, prices will go up dramatically,” said Neil Chapman, a senior vice president at Exxon Mobil.
Chapman said that if inventory levels fall significantly, the price of fixed-price Brent crude, which is used to price more than 60% of the global oil market, could rise to $150 or $160 a barrel.
Crude oil stocks and the release of funds from the strategic reserve have helped to keep oil prices under control for four months while the war with Iran has disrupted supplies to much of the world. Oil futures are trading below $100 a barrel, even though the strait remains effectively closed.
For days, US President Donald Trump has said a deal to reopen the strait is imminent. But that remains elusive, and warnings from the oil industry have become increasingly harsh.
If the drawdown continues at the current pace, global oil inventories could reach critical lows just as summer demand for the fuel peaks, Toril Bossoni, head of the International Energy Agency’s petroleum industry and markets division, said on Tuesday.
“Once those (reserves) are depleted, prices will have to do most of the work of the adjustment themselves. “This means either consumers will pay more or demand will be destroyed,” said Mehmet Beceren, vice president and senior market strategist at Rosenberg Research, adding that the tipping point could be reached by the end of June.
“Oil prices are likely to rise rapidly in the second half of June” unless production in the Strait of Hormuz returns to pre-conflict levels, JPMorgan’s Data Assets and Alpha group predicted, citing the bank’s research.
#oil #iran #US #Hormuz #IranWarnsOfHormuzStraitClosure
$BZ
$CL
Vinhtocdo:
Industry leaders and analysts warn that plummeting oil inventories, exacerbated by the Iran conflict, could trigger a price surge to $150–$160 per barrel by late June, destabilizing global markets. This anticipated oil shock, coinciding with peak summer demand, risks severe inflationary pressure and potential demand destruction.
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