🚨 Oil Prices Return to $100! Is There a Breakthrough in Iran Negotiations?🔥
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Oil prices have just ended a streak of declines, and the market is getting tense again.⛽
On Tuesday, Brent crude rose 1.3%, reclaiming $101.59; WTI was up 0.7%, to $96.45. What’s more notable is that this rebound came after consecutive days of losses.
The real factor moving the market is that the Middle East situation has introduced a new variable again.👀
During the UN General Assembly, Trump said he is willing to engage with Iran’s President Pezeshkian. Meanwhile, reports indicate that Iran has also conveyed, through intermediary channels, conditions for resuming negotiations.
On the surface, this is a calming signal.
But the oil market isn’t fully easing, because on the other side, supply-side issues are becoming more complicated. After operational problems hit Saudi’s east-to-west pipelines, some crude shipments have begun rerouting through the Strait of Hormuz. Over the past six days, Saudi crude transported via the Strait of Hormuz averaged about 2.9 million barrels per day—significantly higher than before.
At the same time, production at Libya’s largest oil field, Sharara, has plunged from roughly 340,000 barrels per day to 127,000 barrels per day, further tightening supply due to armed blockades. Russia’s diesel export restrictions may also be prolonged.⚠️
That means oil prices are currently facing a highly contradictory situation:
On one side, the U.S. and Iran may reconnect, bringing cooling expectations to the market; on the other side, multiple supply variables—such as the Strait of Hormuz, Libya, and Russia—are changing at the same time.
That’s why oil prices fell, then rebounded quickly.
And if oil prices continue to hover around $100, the impact won’t be limited to the energy market.
Higher oil prices could re-ignite inflation pressure, affect expectations for the Fed to cut rates, influence global equity risk appetite, and even indirectly impact risk assets like BTC.📉
Click the avatar to join the Jiujiu chat group for daily strategies🚀
#原油 #油价
Group: 点击进入玖玖的粉丝群
Oil prices have just ended a streak of declines, and the market is getting tense again.⛽
On Tuesday, Brent crude rose 1.3%, reclaiming $101.59; WTI was up 0.7%, to $96.45. What’s more notable is that this rebound came after consecutive days of losses.
The real factor moving the market is that the Middle East situation has introduced a new variable again.👀
During the UN General Assembly, Trump said he is willing to engage with Iran’s President Pezeshkian. Meanwhile, reports indicate that Iran has also conveyed, through intermediary channels, conditions for resuming negotiations.
On the surface, this is a calming signal.
But the oil market isn’t fully easing, because on the other side, supply-side issues are becoming more complicated. After operational problems hit Saudi’s east-to-west pipelines, some crude shipments have begun rerouting through the Strait of Hormuz. Over the past six days, Saudi crude transported via the Strait of Hormuz averaged about 2.9 million barrels per day—significantly higher than before.
At the same time, production at Libya’s largest oil field, Sharara, has plunged from roughly 340,000 barrels per day to 127,000 barrels per day, further tightening supply due to armed blockades. Russia’s diesel export restrictions may also be prolonged.⚠️
That means oil prices are currently facing a highly contradictory situation:
On one side, the U.S. and Iran may reconnect, bringing cooling expectations to the market; on the other side, multiple supply variables—such as the Strait of Hormuz, Libya, and Russia—are changing at the same time.
That’s why oil prices fell, then rebounded quickly.
And if oil prices continue to hover around $100, the impact won’t be limited to the energy market.
Higher oil prices could re-ignite inflation pressure, affect expectations for the Fed to cut rates, influence global equity risk appetite, and even indirectly impact risk assets like BTC.📉
Click the avatar to join the Jiujiu chat group for daily strategies🚀
#原油 #油价
