$CL Keep going long!
Apu personally flipped the negotiation table this morning—Iran's counteroffer is "completely unacceptable," and the Strait of Hormuz is still locked down, physically choking off one-fifth of the global oil supply! WTI opened 3% higher this morning, smashing through $98, and I'm all in with $210,000 in long positions!
1. The strait has been blocked for 11 weeks, and global inventories are stripped bare. Goldman has confirmed that global commercial stocks have plummeted to an eight-year low, with about 200 million barrels burned through in April alone. Morgan estimates we're consuming at a rate of 4.8 million barrels a day, and at this pace, we won't make it to the end of May without hitting operational lows. As long as the strait remains closed, stocks won’t recover.
2. Wall Street is getting restless. Barclays maintains its Brent average price forecast at $100 per barrel with upside risk, while Citi is even bolder—targeting Brent at $120 per barrel in the next three months. These institutions aren’t just making noise; they’re backing it up with real cash, seeing a supply gap no one can fill.
With the strait locked down, inventories at rock bottom, and institutions collectively betting, anyone shorting at $97 is gonna get wrecked! Get in on those longs fast! 🚀💥🛢️
Apu personally flipped the negotiation table this morning—Iran's counteroffer is "completely unacceptable," and the Strait of Hormuz is still locked down, physically choking off one-fifth of the global oil supply! WTI opened 3% higher this morning, smashing through $98, and I'm all in with $210,000 in long positions!
1. The strait has been blocked for 11 weeks, and global inventories are stripped bare. Goldman has confirmed that global commercial stocks have plummeted to an eight-year low, with about 200 million barrels burned through in April alone. Morgan estimates we're consuming at a rate of 4.8 million barrels a day, and at this pace, we won't make it to the end of May without hitting operational lows. As long as the strait remains closed, stocks won’t recover.
2. Wall Street is getting restless. Barclays maintains its Brent average price forecast at $100 per barrel with upside risk, while Citi is even bolder—targeting Brent at $120 per barrel in the next three months. These institutions aren’t just making noise; they’re backing it up with real cash, seeing a supply gap no one can fill.
With the strait locked down, inventories at rock bottom, and institutions collectively betting, anyone shorting at $97 is gonna get wrecked! Get in on those longs fast! 🚀💥🛢️
