Bullish on crude oil! $CL
Looking at the crude oil inventory released on June 12th, the US crude stockpiles are at an all-time low. Coupled with the instability of the US-Iran situation, crude oil $CL is likely to rebound to the 100-120 range soon. Although the current WTI prices are just over $70, that's a manipulated price. After the midterm elections, crude will make a comeback, and this time, the intensity will far exceed the price action seen during the Russia-Ukraine situation. #原油 #美伊局势
Looking at the crude oil inventory released on June 12th, the US crude stockpiles are at an all-time low. Coupled with the instability of the US-Iran situation, crude oil $CL is likely to rebound to the 100-120 range soon. Although the current WTI prices are just over $70, that's a manipulated price. After the midterm elections, crude will make a comeback, and this time, the intensity will far exceed the price action seen during the Russia-Ukraine situation. #原油 #美伊局势