Oil prices have crashed, bros. WTI just smashed through $76, and Brent dipped below $80! This drop is insane, right?
Seriously, have you been going toe-to-toe with crude oil lately? With that messed-up US-Iran deal, the Strait of Hormuz is heating up again, and suddenly 75 million barrels of crude are set to flood the market. It's like they're just begging to tank prices. Poor oil traders are getting wrecked.
On the flip side, SPCX is totally flexing, with SpaceX stock surging 9%, hitting a market cap of $2.7 trillion, surpassing Amazon to become the fifth largest. Elon Musk must have some incredible luck.
There are also rumors that the US is allowing Iran to sell oil now, which just makes things worse. It feels like the entire energy market is in a panic sell-off.
From a technical standpoint, oil prices have broken through key support levels, and it looks like we might keep probing lower in the short term. But then again, who knows with geopolitics? Ukraine just hit the Moscow refinery, and Russia surely won't take that lying down.
NFA DYOR
#原油 #加密货币 #地缘政治 #SpaceX #Fed
Seriously, have you been going toe-to-toe with crude oil lately? With that messed-up US-Iran deal, the Strait of Hormuz is heating up again, and suddenly 75 million barrels of crude are set to flood the market. It's like they're just begging to tank prices. Poor oil traders are getting wrecked.
On the flip side, SPCX is totally flexing, with SpaceX stock surging 9%, hitting a market cap of $2.7 trillion, surpassing Amazon to become the fifth largest. Elon Musk must have some incredible luck.
There are also rumors that the US is allowing Iran to sell oil now, which just makes things worse. It feels like the entire energy market is in a panic sell-off.
From a technical standpoint, oil prices have broken through key support levels, and it looks like we might keep probing lower in the short term. But then again, who knows with geopolitics? Ukraine just hit the Moscow refinery, and Russia surely won't take that lying down.
NFA DYOR
#原油 #加密货币 #地缘政治 #SpaceX #Fed