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Nuno Felix
RT @aeberman12: Veteran oil trader Mark Eckard thinks the calm may end around Aug. 22–24.
His thesis: buyers are delaying physical purchases as long as possible. Once contract needs become unavoidable, concentrated buying could hit a supply-constrained market all at once.
That’s how $85 oil can become $95–110 very quickly.
#Oil #CrudeOil #Energy #Trading #Hormuz #IranWar
tweet
RT @aeberman12: Veteran oil trader Mark Eckard thinks the calm may end around Aug. 22–24.
His thesis: buyers are delaying physical purchases as long as possible. Once contract needs become unavoidable, concentrated buying could hit a supply-constrained market all at once.
That’s how $85 oil can become $95–110 very quickly.
#Oil #CrudeOil #Energy #Trading #Hormuz #IranWar
Veteran oil trader Eckard just called it: After Aug 22, crude is primed for a sharp upward jump.
Here’s why you need to listen. https://twitter.com/Mark4XX/status/2090334464031227924/video/1 tweet
Nuno Felix
Yes. Physical scarcity is about to kill all the paper manipulation
tweet
Yes. Physical scarcity is about to kill all the paper manipulation
Veteran oil trader Mark Eckard thinks the calm may end around Aug. 22–24.
His thesis: buyers are delaying physical purchases as long as possible. Once contract needs become unavoidable, concentrated buying could hit a supply-constrained market all at once.
That’s how $85 oil can become $95–110 very quickly.
#Oil #CrudeOil #Energy #Trading #Hormuz #IranWar tweet
X (formerly Twitter)
Art Berman (@aeberman12) on X
Veteran oil trader Mark Eckard thinks the calm may end around Aug. 22–24.
His thesis: buyers are delaying physical purchases as long as possible. Once contract needs become unavoidable, concentra…
His thesis: buyers are delaying physical purchases as long as possible. Once contract needs become unavoidable, concentra…
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