oversupply

🛢️ OIL MARKET UPDATE: BARRELS PILING UP AT SEA 🌊
📉 Brent crude dips below $60/bbl as global oil supplies keep swelling offshore.
🚢 What’s happening:
• 🛢️ 1.3B barrels now floating “on water” — the highest level since 2020
• ⏳ 51M barrels stuck in tankers for 20+ days
• ⚖️ Oversupply is outweighing geopolitical risks tied to Russia 🇷🇺 and Venezuela 🇻🇪
⚠️ Market impact:
• 📉 Excess supply = downward pressure on prices
• 🌪️ Increased volatility across energy markets
• 💰 Buyers could benefit from cheaper crude
📊 Tickers to watch:
$TRUMP 📉 5.094 (-0.56%)
$RESOLV 🚀 0.1004 (+46.99%)
$MMT 📈 0.2127 (+17.19%)
#OilMarket 🛢️ #BrentCrude #Oversupply 📉 #EnergyMarkets ⚡

🛢️ OIL MARKET ALERT: SURGING BARRELS AT SEA

📉 Brent crude slips below $60/bbl as global oil supply builds up at sea.

🚢 Key points:

1.3B barrels currently “on water” — highest since 2020

51M barrels stuck in tankers for 20+ days

Supply glut outweighs geopolitical risks from Russia & Venezuela

⚠️ Impact:

Oversupply → downward pressure on prices

Potential volatility in energy markets

Buyers may benefit from cheaper crude
$TRUMP
$RESOLV
$MMT

#OilMarket #BrentCrude #Oversupply