🚨 CRUDE OIL MARKET: Oversupply Wave Hits Hard
The oil world is leaning deep into bearish territory right now. Why?
📌 Oil-on-water volumes just hit their highest level since July 2021.
Producers are literally running out of places to send crude — supply > demand.
📌 U.S. sanctions on two major Russian oil giants kicked in Nov 21, sending Russian crude to multi-year price lows and causing big buyers like India + China to pause purchases.
📌 Prices under pressure:
Brent: ~$62.56
WTI: ~$58.06
📌 BUT… demand in China + India is creeping back thanks to discounted barrels. A short-term cushion in a long-term oversupply storm.
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🥗 EDIBLE OILS: Biofuel Demand Is the Game-Changer
While crude sinks, vegetable oils are playing by different rules.
🔥 Global biofuel demand is exploding.
🔥 Governments keep raising blending mandates.
🔥 This is tightening supply across the board.
🌴 Palm Oil Snapshot
Near-term: Prices slipped on weak demand + stronger ringgit.
Long-term: Indonesia’s shift from B40 → B50 by H2 2026 could send prices SOARING.
Biofuels aren’t just a trend — they’re reshaping the entire edible oil landscape.
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⚡ Bottom Line:
Crude is drowning in oversupply.
Veg oils are gearing up for a biofuel-driven bull run.
Two markets. Two opposite futures. One massive opportunity. $BTC
