The market was overly optimistic and the president's speech #TRUMP last night was a cold shower
While traders were betting on a clear roadmap for de-escalation, they encountered a message of "do it yourself" directed at allies.
By not presenting a concrete plan to reopen the Strait of Hormuz and suggesting that other countries must "have the courage" to secure their own supply, the oil market responded immediately: volatility did not disappear, but doubled.
#oil #OilMarket
$CL
$NATGAS
While traders were betting on a clear roadmap for de-escalation, they encountered a message of "do it yourself" directed at allies.
By not presenting a concrete plan to reopen the Strait of Hormuz and suggesting that other countries must "have the courage" to secure their own supply, the oil market responded immediately: volatility did not disappear, but doubled.
#oil #OilMarket
$CL
$NATGAS