"1011 Insider Whale" Agent: Most People Focus on the Wrong Direction of Oil Prices, Current Price Dislocation is a Structural Issue

Odaily reported that Garrett Jin, the agent for "1011 Insider Whale," posted on X platform stating that most people are focusing on the wrong direction of oil prices. Brent crude (USD 106) and WTI crude (USD 95) prices "seem controllable," but this is an illusion in the Atlantic basin. The real market pressure is in the Dubai and Oman regions, where local oil prices have approached USD 155. The crude oil market flowing through the Strait of Hormuz to Asia is the key; the current price dislocation is a structural issue, not short-term volatility.

(Note: "Illusion in the Atlantic basin" refers to the surface appearance of stable oil prices in the West, but there is immense supply pressure globally, especially in Asia, with actual market tightness being concealed.)