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Anas Alhajji: Market bets on higher Brent and WTI prices did not pay off

Anas Alhajji: Market bets on higher Brent and WTI prices did not pay off
Bets on oil price surge did not deliver

Anas Alhajji, managing partner, energy economist, market analyst at Energy Outlook Advisors LLC, examines key articles on the Strait of Hormuz and oil markets this year. He discusses why forecasts of Brent crude rising to $150 a barrel have not materialized, despite analysts’ predictions and significant option bets that anticipated major profits from a price surge.

Earlier this year, Alhajji highlighted a sharp U.S. crude inventory draw that lifted prices, while unexpected gasoline and distillate builds raised demand concerns. He also noted Russian LNG exports reaching record highs and Venezuela crude shipments climbing to levels last seen in early 2019. These developments have contributed to market debate around oil supply and price forecasts.

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