After crude oil fell below $90, the most panicked weren’t Russia, but the “financial expert king” who was fully long.

When WTI crude oil broke below $90, traders worldwide fell silent for three seconds.
Then, a strange phenomenon began to appear in the market:
People who had been shouting “crude oil at least $120” every day suddenly started researching gold.
It must be said that the most genuine point in the financial market is—opinions can change, but positions cannot lie.
This round of oil price correction is essentially the market re-pricing “whether the global economy is still that strong.”
In the past few months, the market has been immersed in the story of “supply tightness.” Production cuts, Middle East tensions, shipping risks—each word was enough to excite the bulls into insomnia.
As a result, now capital has discovered:
Demand is starting to struggle a bit.
U.S. high interest rates have lasted too long, and consumers have begun to adopt a “save where you can” mode; Europe’s economic recovery is like an old computer booting up; some Asian markets’ industrial demand isn’t as explosive as expected.
So the question is:
If the global economy isn’t that hot, who will consume such high oil prices?
Once hesitation appears in the answer, funds will run away.
And the most classic plot in the crude oil market is:
Rising on illusions, falling on reality.
Even more absurd is that many retail investors think that when oil falls, it’s a “bottom-fishing opportunity,” but as soon as they enter, prices keep dropping; after they can’t hold on and cut losses, it suddenly rebounds.
With this combination, it’s like a financial version of “Werewolf Kill.”
Now, the technical aspect is also becoming subtle.
$90 was originally a key psychological defense line for the bulls, but once broken, a large amount of quantitative funds automatically turn short, and market volatility clearly intensifies.
But interestingly, the real big players may not be pessimistic.
Because if oil prices fall too fast, OPEC+ is very likely to further cut production.
For oil-producing countries, a sharp drop in oil prices is like a bubble tea shop suddenly not allowing sugar—completely unacceptable.
So currently, the market is in a very “schizophrenic” stage:
Macroeconomics is bearish;
Geopolitical risks are bullish;
Technical trends are weak;
Production cut expectations are still strong.
So the first thing investors do every morning is not check the weather, but see if oil prices are “going crazy.”
Many netizens ask, can I still trade crude oil now?
The answer is actually very simple:
Yes, but don’t treat it as wealth management.
Crude oil is not a deposit; it’s more like bungee jumping.
You think you’re investing, but in fact, the market is testing your heart function. #WTI原油失守90美元