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🛢️ Oil holding steady around current levels with Venezuela drama in the mix
Brent crude sitting near $60-61/bbl and WTI around $57-58 as the market watches the fallout from Venezuela and US moves. 🛢️
The recent capture of Maduro and the big shift in control over Venezuela's oil exports has traders cautious — there's still some geopolitical risk premium baked in, even with global supply looking pretty comfortable overall.
📌 Key things driving the market atm: • Venezuela situation injecting geo risk into oil 🛢️ • Plenty of supply worldwide keeping a lid on things • Everyone weighing news headlines against real supply flows
Keep an eye on upcoming US inventory data, updates on Venezuelan exports, and overall risk appetite.
According to BlockBeats, Hyperinsight monitoring has revealed that a whale recently executed a leveraged trade involving 70,000.58 SOL. The trade was conducted with a 20x leverage, and the average entry price was $137.28.
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