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🔥Brent ~98-101 USD (intraday saw 101+ )
WTI ~92-95 USD
Last 1 month: +%40+
Main reason: Iran-US/Israel tension + tanker crises in the Strait of Hormuz & partial shutdown.
Volatility is very high: Reserve fluctuations decrease, and it spikes again with new news.
Technical: Strong bullish trend, support 90-92, resistance 101-105 USD.
Turkey pump:
Gasoline ~60-61 TRY,
Diesel ~64-65 TRY
If Brent stays above 100+ → a 2-4 TRY increase is expected in 1-2 weeks.
Scenario:
• If tension continues: 105-120 USD
• If ceasefire occurs: correction to 80-90
• Full shutdown: risk of 130+
The market is entirely dependent on geopolitical news.
Which scenario do you think will happen?
Will the pump reach 70 TRY? ⛽
#Petrol #Brent #Hürmüz #Fuel #oil