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"1011 Insider Address" Trader: Dubai / Oman Crude Oil Price Nears $155, Current Market Misjudgment on Oil Prices Reflects Structural Bias
Deep Tide TechFlow News, March 18 — Garrett Jin, the trader behind “1011 Insider Address” and co-founder of XHash, pointed out that the current market misconceptions about oil prices are structurally flawed.
Garrett Jin stated that Brent crude is quoted at about $106, and WTI at about $95. On the surface, these seem to be within controllable ranges, but this only reflects the local conditions of the Atlantic Basin market. The real pressure signals worth paying attention to come from Dubai/Oman crude benchmarks, which have approached $155. Since the flow of oil through the Strait of Hormuz mainly targets Asian markets rather than Western markets, the mainstream Western benchmark prices cannot accurately reflect the actual supply and demand conditions of the Asian energy market. Garrett Jin believes that the price divergence mentioned above is not just short-term fluctuation but has structural characteristics.