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Those who claim that crude oil will break $300 are either stupid or malicious.
The current scenario is: just when things calm down in the Middle East, as soon as the Strait opens, all the previously stored supplies are dumped onto the market. The IEA even raised inventories to the highest level since 2021. How brave do you have to be to shout "doubling" at this point?
These attention-grabbing statements, besides fooling newbies into buying plastics at high prices, serve no real purpose. Wake up—financial markets don't believe in myths; they only believe in supply and demand logic. Given the current situation, just holding steady at $90 is already a blessing from heaven.