๐ข๏ธ [Task coins giveaway] Hormuz Still Blocked โ Where Will WTI Close by Month-End?
The US-Iran conflict is now in its 11th week. The Strait of Hormuz remains largely blocked, with ~10M barrels/day stuck in the waterway. WTI is currently around $99/barrel, swinging wildly between $89โ$117 this month. Predict the closing range on May 30 and win 500 Task Coins!
๐ Bull case: If Hormuz stays shut, global inventories are draining at ~8.5M barrels/day. US gas prices have hit $4.62/gallon โ fuel shortages could push WTI above $115.
๐ Bear case: Trump says negotiations are in the โ final stage.โ If a deal lands, oil could drop 10%+ in a single day. Saudi Arabia and the UAE have already opened alternative routes, ready to fill the gap.
๐ 500 Task Coins for correct picks!
๐ Follow @Longbridge Singapore
โณ Voting ends Wednesday, May 27
๐ Rewards will be distributed within 5 working days.
Where will WTI crude close on 30th May (USD/barrel)
Single Choice
- Below 9526%
- 95 to 10548%
- 105-11519%
- Above 1155%
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