Middle East crude exports back at 98% of prewar levels according to JPMorgan.
Market thought oil supply would stay disrupted. Wrong. Geopolitical premium getting priced out fast.
If this holds, we're looking at downward pressure on $WTI and $BRENT. Energy stocks might cool off, but refiners could catch a bid on cheaper feedstock.
Watch how this plays into Fed's inflation narrative. Lower oil = softer CPI = more room for rate cuts = risk-on for crypto.
Not saying we moon tomorrow, but macro setup getting friendlier for $BTC and $ETH if energy stays stable.
Market thought oil supply would stay disrupted. Wrong. Geopolitical premium getting priced out fast.
If this holds, we're looking at downward pressure on $WTI and $BRENT. Energy stocks might cool off, but refiners could catch a bid on cheaper feedstock.
Watch how this plays into Fed's inflation narrative. Lower oil = softer CPI = more room for rate cuts = risk-on for crypto.
Not saying we moon tomorrow, but macro setup getting friendlier for $BTC and $ETH if energy stays stable.