5 minutes ago, US crude oil prices surged above $91.50/barrel. Now, we are above $92.50, adding +$1/barrel in 5 minutes [View all]

whow.


The Kobeissi Letter @KobeissiLetter
·
24m
This is truly incredible to watch:

5 minutes ago, US crude oil prices surged above $91.50/barrel.

Now, we are above $92.50, adding +$1/barrel in 5 minutes.

This puts prices up +$12/barrel in 9 hours.

We are witnessing a historic short squeeze as we speak.

Link to tweet

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Not a short squeeze. Supply destruction.
Kuwait: 2.6M bbl/day shut-in (wells closed, weeks to restart)
Hormuz: 20% of global supply blocked
Trump: No diplomatic resolution
Shorts aren’t being squeezed by positioning. They’re capitulating to physical reality.
This is structural, not technical.

Link to tweet

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