VIP MARKET UPDATE: $WTI
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$WTI closed the week around $95, holding the breakout after a violent squeeze higher. This is the kind of tape that usually stays bid. Traders are pricing headline risk first, especially with the Israel-Iran situation still unresolved.
The IEA floated a record 400M barrel release, but the market barely cared because it still looks small versus potential supply losses. Some estimates put disruptions around 15M bpd, so the real driver into next week is whether escalation keeps hitting flows. If tensions cool, oil can retrace fast. If it escalates, this trend can extend. We will be tracking the open and updating in real time.
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- Binance Killers®
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