#Gate广场五月交易分享

Will oil prices rise further? - Global oil inventories are declining at a record pace

The International Energy Agency (IEA) warned on Wednesday that global oil inventories are decreasing at a record rate, and ongoing turmoil caused by the Iran conflict could lead to further spikes in oil prices. In April, crude oil and refined product inventories fell by nearly 4 million barrels per day—equivalent to the combined consumption of the UK and Germany—potentially weakening countries' buffer capacity to respond to supply shocks. The report states: "As importers face unprecedented disruptions in Middle Eastern oil supplies, global oil inventories are declining at a record pace." "With ongoing disruptions, the buffer space is shrinking rapidly, which could signal future price surges."

The Little Wealth God believes that the so-called price surge might just be an increase in the wartime oil price center, rising from around $70 to now around $90-100. The increase is already significant enough. For oil traders, the subsequent strategy should still be range-bound trading—buy low, sell high. It’s difficult to break through the $90-110 range in the short term, after all, the Strait of Hormuz has been closed for over two months. What worse could happen?