Oil prices plummet: from $141 to $91

This move in oil prices is basically a Middle Eastern version of "roller coaster adventure": from the $141 "sky-high shock" (the highest since 2008), plunging all the way down to around $91, a 20% drop right from the start, marking the biggest single-day crash in recent years. Trump’s one-word "two-week ceasefire" instantly shifted the market from "doomsday" to "weekend celebration," futures prices nosedived, bears woke up laughing, and oil traders fainted.

For ordinary people, this is a short-term positive: gas stations no longer crying about high prices, and costs for airlines, logistics, and plastic manufacturers get a breather; drivers and takeout eaters, your wallets are temporarily safe. But don’t celebrate too early—this ceasefire has only been two weeks, and Iran might restart hostilities at any moment, causing oil prices to flip again. In the long run, once global supply recovers, prices are likely to rebound to the $80-90 range, or even lower—after all, U.S. shale oil is still lurking, and OPEC+ is ready to ramp up production at any time.

In a nutshell: this plunge in oil prices reflects the "emotional" nature of geopolitical politics. War pushes prices up, ceasefires push them down, and the ones who suffer the most are the real economy and us bystanders.

Advice: in the short term, drive more and complain less; in the long term, keep betting on renewable energy—after all, no matter how chaotic oil prices get, they can’t beat the trend of the times. 😂

Do you think this ceasefire can last two weeks? Or will there be another wave of "fake news" rebound?

#加密市场小幅下跌