SatoshiFollower
The recent story in the crude oil market is a bit complicated. On Wednesday during the Asian session, the Trump administration's pressure measures on Venezuela temporarily gave oil prices a breather, bouncing off last year's lows. But honestly, this rebound seems fleeting— the shadow of global oversupply remains, from the Middle East to the US, and there's a pervasive sense of fatigue in the market.
The fundamentals don't look very promising. The International Energy Agency predicts this year will see the most severe supply surplus since the pandemic, which is not good news. OPEC+ is accelerat
View OriginalThe fundamentals don't look very promising. The International Energy Agency predicts this year will see the most severe supply surplus since the pandemic, which is not good news. OPEC+ is accelerat