🚨 Oil just crashed 32% in 18 hours.
$119 to $82. I've been watching markets for years — this doesn't happen.
Two things dropped at the exact same time:
G7 and IEA are throwing 400 million barrels from reserves into the market. Nobody saw that coming. That's not a policy move — that's a flood.
And Trump is saying the war is basically done, and he's pushing hard to pull prices down even faster.
Either one of these would've shaken the market. Both together — there was simply no floor.
If you were in energy trades today, you're licking your wounds tonight. If you weren't - you just had a front-row seat to something most traders never see twice in their career.
Funny thing though - the same crowd that was yelling "oil hits $150 by summer" went completely silent today.
Markets have a way of humbling everyone.