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๐ข๏ธ OIL PUMP BACK โ MARKET STARTING TO HEAT UP
U.S. oil prices surged sharply, surpassing $101 per barrel, up more than +11% in just 24 hours.
The main pressure comes from:
Growing suspicion over the US-Iran ceasefire agreement
Supply risks return as Middle East tensions escalate
In reality, the market has reacted strongly multiple times when oil prices crossed the $100 mark, with Brent even exceeding $101 per barrel during recent volatility
๐ Quick perspective:
Oil = a highly macro variable โ driving inflation, USD, risk-off
The market is no longer trading crypto alone โ now trading based on geopolitics
โ ๏ธ If tensions continue to escalate โ oil could pump further
If there is real ceasefire news โ a quick dump in the opposite direction