West Texas Intermediate crude continues sliding today as fresh data reveals substantial builds in refined product inventories. What's adding pressure? U.S. crude output is climbing back toward record territory, intensifying supply-side concerns. With production ramping up while stockpiles swell, the oil market's dealing with a classic oversupply scenario that's keeping bulls on the sidelines.
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ProofOfNothing
· 12-10 20:00
The oversupply pattern is back again, wake up, bulls
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screenshot_gains
· 12-10 20:00
Oil prices have dropped again, with such high production and still exploding inventories? The market really hasn't figured it out.
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The oversupply situation, are the bulls all waiting for a rebound? I think it's a gamble.
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Inventory expansion + record-high production, now crude oil bears are about to take off.
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With US production so strong, no wonder oil prices can't hold up. There's no short-term rescue.
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Refinery product inventories soar, are the bulls' confidence also losing value?
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It's another inventory issue. When will these data turn positive?
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Production nearing record levels means oil prices are going to fall. No surprises there.
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SelfCustodyBro
· 12-10 19:55
Oil prices have been hammered again, inventories are overflowing, and production is also picking up. The oversupply really can't be contained anymore.
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SatoshiHeir
· 12-10 19:42
Oversupply? Laughing. This is the fate that traditional finance can never escape from. It is worth pointing out that the logic of the oil market does not apply at all to Bitcoin—scarcity is the true source of value. With inventory swelling and record-breaking production, it’s simply the tragedy of centralized pricing power.
West Texas Intermediate crude continues sliding today as fresh data reveals substantial builds in refined product inventories. What's adding pressure? U.S. crude output is climbing back toward record territory, intensifying supply-side concerns. With production ramping up while stockpiles swell, the oil market's dealing with a classic oversupply scenario that's keeping bulls on the sidelines.