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Mike McGlone
Mike McGlone|Jun 13, 2025 12:05
Is 80 the New 100 for WTI Crude Spikes? Feeding the Bears - A sharp short-covering rally can add fuel to a persistent bear market. Will WTI crude oil's recent surge toward 80 a barrel reverse the prevailing supply-demand imbalance, especially as the global economy edges toward recession amid unprecedented US tariffs? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sxsl57dwrgg0 {BI COMD} #crudeoil @BBGIntelligence
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Timeline

Jul 09, 12:18【Our Summer Chaser Trading】
Jul 07, 10:58【Copper at 10000 crossroads, risk tilts downwards】
Jul 07, 08:48【This week's major macro events】
Jul 01, 14:09【The strength of the US dollar has dropped to the level of 2022】
Jun 27, 10:37【Market Focus on US PCE Data and Recession Expectations】
Jun 23, 20:48【MC's supply exceeds USDC】
Jun 22, 15:31【WTI crude oil prices soar above $80 per barrel】
Jun 20, 15:21【US debt exceeds 37 trillion】
Jun 19, 18:35【Steady decline in employment growth and sustained economic expansion】
Jun 18, 19:23【Market positioning continues to decline】

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