During the weekend market closure, whales made frequent moves. How was the crude oil market, which surged and then fell back, positioned in advance?
BlockBeats news, October 26 - Last week, crude oil was impacted by both geopolitical conflicts and inventory depletion, once surging to a near half-year high. The suppression of demand by high oil prices has begun to show, and oil prices have already seen a significant decline on Monday.
Macro data shows: Although supply is recovering, global inventories are still down by more than 500 million barrels compared to the end of February, and geopolitical risks (such as Houthi attacks) could push oil prices higher at any time. However, the IEA expects global demand to decline year-on-year this year, with mixed bullish and bearish fundamentals.
Against this backdrop
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