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Figure Heloc 
Rabobank’s Global Strategist Michael Every highlights that Brent has eased to around $111 and WTI to $102 despite a Kuwaiti tanker being hit, while European and African Oil markets are tightening as Asia fills supply gaps. He cites Bloomberg’s warning of $140 Oil if Red Sea shipping is hit again.
💡 DMK Insight
Oil prices are showing surprising resilience at $111 for Brent and $102 for WTI, even with geopolitical tensions rising. The recent attack on a Kuwaiti tanker hasn’t triggered a significant spike, which suggests that traders are currently pricing in a level of stability despite the risks. However, Bloomberg’s warning of potential $140 oil if Red Sea shipping routes are disrupted again is a serious consideration. This could lead to volatility, especially if supply chains tighten further due to increased demand from Asia. Traders should keep an eye on the correlation between oil prices and broader market indices, as a spike in oil could impact inflation expectations and central bank policies. For those trading oil, watch for key resistance levels around $115 for Brent and $105 for WTI. If these levels are breached, it could signal a shift in market sentiment. Conversely, if prices hold steady or drop, it might indicate that the market is underestimating the geopolitical risks. Keep an eye on news from the Red Sea region for immediate impacts on pricing.
📮 Takeaway
Watch for Brent at $115 and WTI at $105; a breach could signal a significant shift in oil market sentiment.
