Traffic is still declining; this is solid logical support. $CL —let's wrap things up for now.
Binance News
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Average Daily Crude Oil Traffic Through the Strait of Hormuz Falls to 10.3 Million Barrels
According to Jin10 Data, the latest figures from market intelligence firm Kpler show that, as of Saturday, average daily crude oil traffic through the Strait of Hormuz over the past seven days was 10.3 million barrels, just 76% of the prewar baseline.