🔥 OIL ABOVE $116: MARKET ON EDGE
Oil (Brent) is trading around $116–$120, driven by escalating Middle East tensions and supply risks.
📊 Key factors:
Conflict involving Iran
Threats to major oil routes
Strong reaction to geopolitical fear
👉 Translation:
💥 This move is risk-driven, not demand-driven
🧠 What traders expect:
Range: $110–$125
If escalation → $125–$150+
If calm → pullback toward $100
🌍 Market impact:
Higher inflation pressure
Stronger dollar
More volatility across markets
👉 Oil is now a macro trigger
💥 “When oil spikes, all markets react.”
#OilRisesAbove$116 #oilrisesabove #OilPrice
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