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New Glut Watch just dropped: Brent will soon fall to $70 a barrel because the Saudis are shipping oil through the Suez and around the Horn of Africa. Reports suggest all water in the Suez Canal has been replaced with crude oil such is the glut. 🛢️🛢️🛢️🛢️🛢️ https://t.co/6rC6Wm8iqF #OilPrices #GlutWatch #BrentCrude #SA #EG #SO

Most likely scenario. US stock market sagging. Midterms coming. Many unhappy with negotiations anyway. “Create an alt corridor that may antagonise the Iranians and get ship count up temporarily. Then flood the media with complete slop to get Brent down.” ✅✅✅ #StockMarket #Midterms2024 #BrentCrude #US #IR

Using this as a model we see equilibrium Brent price today as being around $115. By July the equilibrium price will be up to $130. $15 or so increase every month we keep the fake prices in place. Messing around with oil markets like this can build in some real problems. 🛢️🤡 https://t.co/wvYvpS68vq #BrentCrude #OilMarket #PriceForecast #Therearenospecificcountriesmentionedinthetweet.

Ceny ropy Brent vzrostly na téměř 115 dolarů za barel v důsledku zvýšeného geopolitického rizika v Hormuzském průlivu, které přivedlo trh k největší energetické krizi v historii, když mezinárodní agentury odhadují, že denní produkce byla snížena o 14,5 milionu barelů, což vede k dramatickým rozdílům v cenách v závislosti na geografické poloze a vyžaduje revizi prognóz ropných analytiků, zatímco trh prochází turbulencemi mezi rivalitou USA a Íránu a snahou o obnovení dodávek. #OilPrices #GeopoliticalRisk #BrentCrude

Citigroup has raised its short-term Brent oil price forecast to $120, recommending investors increase their exposure to oil due to ongoing disruptions in the Strait of Hormuz and low prospects for a diplomatic resolution between the U.S. and Iran, with a bullish scenario anticipating prices could reach $150 if the strait remains closed until June. #OilPrices #BrentCrude #MarketForecast #US #IR