Svmuu News: Garrett Jin, the agent for "1011 Insider Whale," posted on the X platform, stating that most people are focusing on the wrong direction of oil prices. Brent crude (USD 106) and WTI crude (USD 95) prices "appear manageable," but this is an illusion in the Atlantic basin. The real market pressure is in the Dubai and Oman regions, where local oil prices have approached USD 155. The crude oil market flowing through the Strait of Hormuz to Asia is the key; the current price misalignment is a structural issue, not short-term volatility.
(Note: "Illusion in the Atlantic basin" refers to the seemingly stable surface prices in the West, while global, especially Asian, supply pressures are immense, masking actual market tightness.)
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Agent of "1011 Insider Whale": Most People Focus on the Wrong Direction of Oil Prices; Current Price Misalignment is a Structural Issue
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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