Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, warns market veteran Jeff Currie | Metals Mine

  • Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, warns market veteran Jeff Currie

    From cnbc.com

    Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said veteran market strategist Jeff Currie on Monday, underscoring the global energy shock due to the Iran war. Headline global inventory figures can be misleading as much of the oil stored worldwide cannot be used immediately, said Currie, Carlyle’s chief strategy officer of energy pathways and co-chairman of Abaxx Markets. A large portion of that oil is needed to keep pipelines and storage systems running safely, leaving only a smaller share available for the market. Asia is already ...
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Mustafa-fx
May 25, 2026 5:45am
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It makes sense. The combination of Iran peace hopes and oil prices hitting bottoms is clearly pressuring the USD. However, don’t get trapped by the initial momentum; the market is currently at a critical order block and needs this pullback to gather enough liquidity to break through properly.
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Trader#2BFB
May 25, 2026 6:15am
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Yeah there might be a potential pullback...
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Tamer-Trader
May 25, 2026 5:34am
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Yeah first time market got stable and these guys cant stay still
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Mustafa-fx
May 25, 2026 5:57am
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Attached Image (click to enlarge)
Click to Enlarge Name: 12230.jpg Size: 46 KB
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JlouwJakes
May 25, 2026 10:10am
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Just buy liquidity, i bought again now @94 and below.. Brent might reach 250-90
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Trader#5697
May 25, 2026 5:38am
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Because they want to cause panic the market and manipulate
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