According to The Kobeissi Letter, their recent alert for premium members on March 26th advised taking short positions in oil, anticipating a price drop below $64.00. The oil prices have indeed fallen to $62.00, resulting in a +150% gain for those put options. This achievement marks their best start to the year. Source: Twitter (@KobeissiLetter, April 4, 2025).

According to The Kobeissi Letter, the recent surge in the trade deficit is closely tied to exponential increases in imports of industrial supplies such as oil, LNG, gold, and steel. This trend has significant implications for traders anticipating a prolonged trade war, as producers are currently experiencing heightened levels of concern, impacting market stability.

According to Omkar Godbole (@godbole17), there is notable activity in the oil market, suggesting traders should pay close attention to potential trading opportunities or shifts in market dynamics.