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Don't remind me again today

Oil's taking a breather this week. Looks like Russia's Novorossiysk port is back online after last week's strike disruption, which is easing some of those supply tension worries. Brent's sliding under $64 now, WTI's hovering around $59. The real story? Oversupply keeps putting a ceiling on any rally attempts. Markets are clearly pricing in more barrels flowing than demand can absorb right now.

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ApyWhisperervip
· 8h ago
Oversupply is a deadlock; no wonder oil prices just can't rise.
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GasFeeTherapistvip
· 8h ago
Oil prices take a breather, but this ceiling is really stuck tight.
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NFTRegretDiaryvip
· 8h ago
The issue of oversupply really can't be suppressed.
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just_vibin_onchainvip
· 8h ago
The supply exceeds demand, this trick is old and useless; no matter how cheap it is, it won't pump up.
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HodlKumamonvip
· 8h ago
I see, this wave of oil prices is actually the old trick of supply surplus. Xiongxiong just glanced at the historical data, and every time the port resumes navigation, it tends to fall into this kind of deadlock.
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NotSatoshivip
· 8h ago
I'm tired of hearing about this trap, haha.
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SolidityJestervip
· 8h ago
The recent pullback in oil prices is a signal, isn't it? The oversupply really cannot be suppressed.
View OriginalReply0
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