🚨 There is 1 new update important enough to slightly increase the risk for WTI. The balance before 🟢61 / 🔴39 → 🟢62 / 🔴38.
Hormuz / UKMTO #147 — the item “an unidentified tanker” was upgraded to an incident involving a specific VLCC carrying crude oil → 🟢 Bullish +1 additional. The tanker that was hit by a projectile on Oct 1 has now been identified as MT Kazimah III, a Kuwait-flagged VLCC belonging to Kuwait Oil Tanker Co., with a capacity of about 317,250 DWT. The Indian embassy in Oman confirmed that 5 Indian crew members have been safely taken off the vessel and brought ashore. This new information makes the incident severity higher than when UKMTO initially only said there was a fire and that the “crew is safe.”
$CL #Oil Brent CrudeOil Macro Inflation Crypto Bitcoin TradingBooms
Hormuz / UKMTO #147 — the item “an unidentified tanker” was upgraded to an incident involving a specific VLCC carrying crude oil → 🟢 Bullish +1 additional. The tanker that was hit by a projectile on Oct 1 has now been identified as MT Kazimah III, a Kuwait-flagged VLCC belonging to Kuwait Oil Tanker Co., with a capacity of about 317,250 DWT. The Indian embassy in Oman confirmed that 5 Indian crew members have been safely taken off the vessel and brought ashore. This new information makes the incident severity higher than when UKMTO initially only said there was a fire and that the “crew is safe.”
$CL #Oil Brent CrudeOil Macro Inflation Crypto Bitcoin TradingBooms