u/TheHugeMan · 8d agono track record yet
Long CL calls
Oil DD - Show me the barrels
The Strait of Hormuz, which handles ~20% of global oil supply, has been effectively closed since late February. Strategic inventories are draining at historic rates to cover the supply shortfall, but this buffer is finite. Even if negotiations succeed and the Strait reopens, weeks-to-months are needed before flows normalize, leaving the market undersupplied relative to WTI's current ~$92 price.
At post $88.27Now $89.95+1.9% since postedas of Jun 10, 4:59 PM ET
1d-3.9%
3d+0.4%
1w-0.5%
1m—
3m—
6m—
1y—