Gate News Report, March 18 — “Insider Whale” agent Garrett Jin posted on X platform stating that most people are mistaken about the direction of oil prices. Brent crude (one of the international benchmark prices) is at $106, and WTI crude (the U.S. benchmark price) is at $95. Oil prices seem “controllable,” but this is an illusion in the Atlantic Basin. The real market pressure is in Dubai and Oman, where local oil prices have already approached $155. The key is the crude oil flowing through the Strait of Hormuz to Asia. The current price dislocation is a structural issue, not a short-term fluctuation. Garrett Jin pointed out that the “illusion in the Atlantic Basin” refers to the surface stability of Western oil prices, while global, especially Asian, supply pressures are immense, and the actual market tension is being concealed.
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