Oil down nearly 20% on Energy Secretary's incorrect post. How fragile is this market?
Vonne Quinn
Wrong Way Neo
The tweet caused a 20% dip because it suggested the Strait of Hormuz was accessible again, which would be a huge optimism boost.
How will traders take the IEA's proposed record reserve release?
Vonne Quinn
Wrong Way Neo
The IEA release only makes up the shortage from the last couple of days. It's a temporary relief.