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supplywave
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$OIL IRAQ PLANS 7M BARRELS PER DAY — SUPPLY WAVE COMING 🔥
Iraq just dropped a major production target: 7 million barrels per day in the coming years. That’s a significant supply increase that could weigh on oil prices if executed. The market hasn't fully priced this in yet — spot crude held steady during the announcement, but volume is thin going into this week.
If you're trading oil-linked assets or watching how energy costs affect the broader market, this is a fundamental shift worth tracking. How are you positioning ahead of potential supply pressure?
Not financial advice. Always manage your risk.
#OIL #OilProduction #EnergySector #SupplyWave
🔥
Iraq just dropped a major production target: 7 million barrels per day in the coming years. That’s a significant supply increase that could weigh on oil prices if executed. The market hasn't fully priced this in yet — spot crude held steady during the announcement, but volume is thin going into this week.
If you're trading oil-linked assets or watching how energy costs affect the broader market, this is a fundamental shift worth tracking. How are you positioning ahead of potential supply pressure?
Not financial advice. Always manage your risk.
#OIL #OilProduction #EnergySector #SupplyWave
🔥
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