The war is still raging, but oil prices fell first.
On September 16, Brent closed at $105.83 per barrel, down 2.7% on the day; WTI closed at $102.43 per barrel, down 3.2%.
A new variable is the supply route. Saudi Arabia is offering Asian buyers more crude oil that is transshipped offshore via the Oman Suhar port, easing export pressure caused by pipeline damage.
The war-related news remains dangerous, but if supplies can be routed around, oil prices may not keep rising in one direction. Upstream oil companies’ premiums may unwind, while cost pressures for aviation and transportation are expected to ease.
If you currently hold profitable long positions in crude oil, lock in half first. Don’t chase longs with no position, and don’t rush to flip into short positions either; shipping and supply could still have unexpected issues again.
#原油 #币圈巴菲特 #WTI原油价格分析
On September 16, Brent closed at $105.83 per barrel, down 2.7% on the day; WTI closed at $102.43 per barrel, down 3.2%.
A new variable is the supply route. Saudi Arabia is offering Asian buyers more crude oil that is transshipped offshore via the Oman Suhar port, easing export pressure caused by pipeline damage.
The war-related news remains dangerous, but if supplies can be routed around, oil prices may not keep rising in one direction. Upstream oil companies’ premiums may unwind, while cost pressures for aviation and transportation are expected to ease.
If you currently hold profitable long positions in crude oil, lock in half first. Don’t chase longs with no position, and don’t rush to flip into short positions either; shipping and supply could still have unexpected issues again.
#原油 #币圈巴菲特 #WTI原油价格分析
