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Oil just had one of the wildest moves I’ve seen in a while
In less than a day it dropped from $119 to $82, wiping out about 32%.
What flipped the market so fast:
• G7 and IEA releasing 400M barrels from reserves
• Trump signaling the war could end soon and pushing measures to lower oil prices
Personally, a move like this makes me step back and reassess the whole macro picture.
#GateFebruaryTransparencyReport #OilPricesPullBack