⭕ Yesterday at exactly 8:24 AM Eastern Time, oil traders purchased approximately $800 million worth of short-selling oil contracts, and just 21 minutes later, Iranian Foreign Minister Abbas Araqchi announced that "the Strait of Hormuz is fully open"
◾By 9:10 AM Eastern Time, oil prices had dropped to $80 per barrel, marking their lowest level since March 10
◾According to The Kobeissi Letter analysis, these short positions themselves made a profit of approximately $70 million in less than an hour, which is truly unusual
#oil
◾By 9:10 AM Eastern Time, oil prices had dropped to $80 per barrel, marking their lowest level since March 10
◾According to The Kobeissi Letter analysis, these short positions themselves made a profit of approximately $70 million in less than an hour, which is truly unusual
#oil