🛢️ OIL MARKET UPDATE: BARRELS PILING UP AT SEA 🌊
📉 Brent crude dips below $60/bbl as global oil supplies keep swelling offshore.
🚢 What’s happening:
• 🛢️ 1.3B barrels now floating “on water” — the highest level since 2020
• ⏳ 51M barrels stuck in tankers for 20+ days
• ⚖️ Oversupply is outweighing geopolitical risks tied to Russia 🇷🇺 and Venezuela 🇻🇪
⚠️ Market impact:
• 📉 Excess supply = downward pressure on prices
• 🌪️ Increased volatility across energy markets
• 💰 Buyers could benefit from cheaper crude
📊 Tickers to watch:
$TRUMP 📉 5.094 (-0.56%)
$RESOLV 🚀 0.1004 (+46.99%)
$MMT 📈 0.2127 (+17.19%)
#OilMarket 🛢️ #BrentCrude #Oversupply 📉 #EnergyMarkets ⚡
MMTUSDT
Prep
0.2179
+7.71%
RESOLVUSDT
Prep
0.07269
-6.48%
TRUMPUSDT
Prep
4.969
-2.05%