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$CL Family members, this wave of crude oil is really about to break the sky! 🚀
Just now, the talks with the United States broke down, and as soon as the news came out, the entire crude oil market was instantly scared out of its wits, with gains soaring over 2% in an instant! The leading big brother of the United States even openly said: This agreement is now a "life or death" situation, ready to be over at any moment.
Look at this eye-popping increase in the market:
Brent crude oil: surged 2.1%, reaching $106.36;
WTI crude oil: even more fierce, up 2.5%, directly surpassing the $100.51 mark!
The veterans at Saxo Bank analyzed thoroughly: as long as the Strait of Hormuz remains blocked, the global oil shortage situation cannot be alleviated, and this is already the second consecutive day of violent upward movement.
⚠️ Here comes the key point! The next two days are crucial in deciding victory or defeat. Tonight’s EIA report will lead off, followed by tomorrow’s IEA and OPEC monthly reports. Where will the supply and demand bottom truly be? It all depends on how these few reports are scored.
The current market sentiment is: as long as the bad news doesn’t retreat, the upward trend won’t stop! Brothers who are trading commodities or watching the market on the exchange, hold steady, don’t get left behind before dawn.
💡 If you find this useful, follow us to see through the fog and understand the true underlying logic of the market! 👇