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Back Fundamental analysis
17 Million Barrels Through Hormuz Is Clearly Not Enough
Oil has become cheaper but is
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Oil has become cheaper but is overall moving within a channel after an almost 4% rebound on Wednesday, as the US again said significant volumes transit the Strait of Hormuz. The global benchmark Brent fell toward $102 per barrel, while WTI traded around $92.US Treasury Secretary Scott Bessent said yesterday that "sometimes" 17 million barrels per day pass through Hormuz, although other market participants cite much more modest figures: Clarksons Research earlier this month estimated the daily volume at roughly
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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