Posteo

🚨 Oil just dropped 3%+… and the market may have front-run the repair news. Why did crude suddenly crash? Pharaoh’s take is simple: the market heard that Saudi Arabia’s damaged East-West oil pipeline could be urgently repaired, and traders started pricing in the return of supply before the repairs were even complete. Saudi Aramco is reportedly bypassing the damaged section and working to restore around half of the pipeline’s capacity within a few days — roughly 2 to 2.5 #DailyOrbit