CRUDE OIL MARKETS FACE VOLATILITY AS NEW SUPPLY AGREEMENT IMPACTS GLOBAL FLOWS 📉

The recent decline in $WTI and $BRENT follows a significant geopolitical shift regarding Iranian oil exports. With the U.S. Treasury issuing a 60-day temporary license for production and delivery, the market is pricing in a swift increase in supply.

Technicals are currently showing heavy selling pressure as both benchmarks break below key psychological support levels. The sudden influx of supply could suppress prices further if the 60-day window remains open. Do you expect this supply increase to sustain the downward trend?

Not financial advice. Always manage your risk.

#WTI #BRENT #Commodities #MarketAnalysis #Oil

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