Post by Proshare (@Proshare)

Brent has spent the past two weeks demonstrating how thin liquidity, not fresh fundamentals, is now driving price swings. Net long positioning in ICE Brent rebounded to a two-month high near 192 million barrels even as open interest sits 11% below year-ago levels, a combination that tends to amplify moves in both directions rather than confirm a trend.

Brent trading near US$87 per barrel reflects unresolved Hormuz and Bab el Mandeb transit risk more than a shift in physical balances. OPEC+ has signalled a pause on output increases through year-end, prioritising stability over share while quota disputes for 2027 remain unresolved.

https://proshare.co/articles/oil-prices-retreat-but-the-strait-of-hormuz-remains-the-wild-card-oir-280726?menu=Economy&classification=Read&category=Oil

Brent has spent the past two weeks demonstrating how thin liquidity, not fresh fundamentals, is now...

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