Saxo Bank: Spot oil supply is expected to remain tight for the next few weeks
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Golden Ten Data reported on April 8 that analysts from Saxo Bank stated that although the nominal oil price has retreated after the US-Iran ceasefire agreement, oil supply remains tight in the near term. They pointed out that the transportation time from loading to final unloading means that the spot supply may continue to be restricted for several weeks. Currently, more than 800 vessels are still stranded in the Persian Gulf, and ship owners are likely to require reliable security guarantees before departing and returning with empty ships to load cargo again. Saxo Bank believes that even if the ceasefire is maintained, given the time needed to restart closed oil wells, fully repair and replenish refinery inventories, a return to normal supply could still take several months.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
WIF falls below $0.2
金色财经•2026/09/20 13:41

Strategy’s Saylor Teases New Bitcoin Buy Despite Fed Hike and CLARITY Setback
Cryptopotato•2026/09/20 13:36
Mizuho lowers target price for a certain exchange to $43
格隆汇•2026/09/20 09:33
Crypto prices
MoreBitcoin
BTC
$80,528.31
-0.95%
Ethereum
ETH
$2,580.37
-2.11%
Tether USDt
USDT
$0.9997
-0.00%
BNB
BNB
$750.55
-2.55%
XRP
XRP
$1.38
-4.01%
USDC
USDC
$1
+0.01%
Solana
SOL
$108.13
-3.00%
TRON
TRX
$0.3464
+2.54%
Zcash
ZEC
$1,442.89
-5.94%
Hyperliquid
HYPE
$90.95
-1.85%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now