WTI crude is back above $85 and oil traders are paying attention again.
The main concern is still supply. Any disruption around the Strait of Hormuz can quickly change the outlook for global oil flows.
If crude stays above $85, higher energy costs could add to inflation pressure and make things harder for central banks. That’s also something risk assets like $BTC may have to deal with.
For now, the key question is simple: can WTI hold above $85?
#WTI #Bitcoin
#WTICrudeBreaksAbove
#WTICrudeBreaksAbove$85
The main concern is still supply. Any disruption around the Strait of Hormuz can quickly change the outlook for global oil flows.
If crude stays above $85, higher energy costs could add to inflation pressure and make things harder for central banks. That’s also something risk assets like $BTC may have to deal with.
For now, the key question is simple: can WTI hold above $85?
#WTI #Bitcoin
#WTICrudeBreaksAbove
#WTICrudeBreaksAbove$85
