Due to escalating tensions in the Middle East, West Texas Intermediate crude oil prices surged to $119 per barrel, and Brent crude oil prices soared to $104.76 per barrel. This is the first time since 2022 that oil prices have broken through $100 per barrel. The surge in oil prices is caused by production cuts and the closure of the Strait of Hormuz, leading to a significant decline in global stock markets and prompting G7 finance ministers to discuss the use of strategic reserves.

🚨 Crude Oil Above $110: Is This the Start of a New Energy Supercycle? A Trader’s Perspective
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The global energy market has once again captured the attention of traders and investors worldwide. In a dramatic overnight rally, crude oil prices surged sharply, pushing WTI above $110 and Brent crude beyond $110, levels that immediately reignited discussions about supply shocks, geopolitical tensions, and the possibility of a longer-term energy bull market.
For many traders, this move was not just another headline—it was a moment that highlighted how quickl