$CL The Strait of Hormuz is facing soaring insurance costs, while several countries are starting to face low inventories. Crude oil is rising again!!!
Recently, several Gulf oil-producing countries have found themselves able to extract crude oil but unable to ship it out. They also face high insurance premiums and shipping costs, which have surged from $20,000 to $1.3 million.
Their alternative shipping routes are under threat, upending the market's previous hedging expectations. Insurance and shipping costs keep climbing, resulting in very low export volumes.
As a result, several countries now need to replenish their stockpiles, but crude oil remains in short supply. In the short term, crude oil is likely to keep rising, with demand and the supply shortage only growing.
Although Trump says he won't launch an attack on Iran before the midterm elections, he changes his tune very quickly. Earlier, he was calling for a ceasefire, then suddenly a missile landed on their doorstep. There's a good chance the conflict will flare up again.
Chai Bro's trading guide: At the current price of 92, you can enter a long position. First target: 96.67. Second target: 100. The market has room to extend. By the time you see this, it may no longer be the best entry point. News comes first—stick with Chai's crew 👇👇
#CL #原油 #原油三日上涨后企稳