Institutional View: Sharp Decrease in Gulf Exports Significantly Tightens the Global Crude Oil Market, September Inventories May Flash Red Warning

智通财经2026/07/20 02:41

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Quantum Strategy analyst David Roche pointed out in a report released on Monday that with oil exports from the Gulf region continuing to decline, there are significant signs of tightening in the global crude oil market.
At the current consumption rate, oil inventories may become strained by September, at which point even the United States could feel supply pressure. Roche believes that this situation will increase the political and economic pressure faced by President Trump.
Based on the above assessment, Roche recommends holding Brent crude oil, with a target price range of $95 to $105 per barrel. Currently, Brent crude oil trades near $90 per barrel, suggesting there is still room for further upside according to this forecast.

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Institutional View: Sharp Decrease in Gulf Exports Significantly Tightens the Global Crude Oil Market, September Inventories May Flash Red Warning

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