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#oilrebounds3%
🚨 OIL REBOUNDS 3%! Geopolitical Relief Powers Sharp Recovery 🛢️📈💥
Crude is bouncing hard! Brent and WTI both surged around 3% today as shipping traffic resumes through the Strait of Hormuz and US-Iran deal progress eases immediate supply fears.
After recent volatility, traders are pricing in gradual normalization of ~20% of global oil flows.
Why the rebound:
Increased vessel traffic through Hormuz signaling de-escalation. Inventory draws and lingering outage risks providing a floor. Broader risk-on sentiment lifting energy alongside other assets.
But is this sustainable or just a dead-cat bounce before more talks (and potential volatility) ahead?
Square, what’s your position?
Bullish on this oil rebound continuing or expecting another leg down once full Hormuz flows resume? Are you loading up on energy plays or using this strength to hedge?
Drop your hottest takes below 👇 Let’s discuss!
#OilRebounds3% #OilPrices #BrentCrude #wt
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