Epic-level explosion! Crude oil violently surges 7%, while gold and Bitcoin face pressure across the board— the logic behind the declines has been fully confirmed, and the bear market continues!



April 30 saw a mind-blowing surge in crude oil:
WTI jumped nearly 7%, closing above $106.88;
Brent broke through $118, hitting a four-year high— the strong trend is completely unlocked.

Three-layer, hardcore positive catalysts resonate together, igniting oil prices:
1. The escalation of the US-Iran conflict: Iran’s ports are sealed, and Strait of Hormuz shipping is hindered, leading to a major restriction in global crude oil supply;
2. The UAE withdraws from OPEC, throwing the landscape of oil-producing countries into disarray, as the supply-demand shortfall keeps widening;
3. Global inventories fall for 12 consecutive weeks to a five-year low; demand is picking up, and the fundamentals are severely imbalanced.

With geopolitical risks + tight supply and demand both adding fuel, oil prices are heading straight for $120— the high-price era has become the new normal.

Crude oil’s surge directly turns into a negative for risk assets: Bitcoin, gold, and the stock market all face pressure, and the bearish trend continues!
$CL $BTC $ETH
#WCTC交易王PK #美联储利率不变但内部分歧加剧 #Polymarket每日热点
BTC0.52%
ETH-0.2%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin