Agent Garrett Jin of "1011 Insider Whale" posted that the closure of the Strait of Hormuz has entered its 16th day, with oil prices rising approximately 45% since February 27; Brent crude has climbed above $103, and no signs of a ceasefire are yet visible. The Strategic Petroleum Reserve (SPR) may only cover about 12% to 15% of the supply gap. The recommended near-term trading strategy is to go long on oil, reduce equity exposure—particularly in energy net-importing economies such as Japan, South Korea, and Europe—and remain cautious, as rising interest rates, a stronger dollar, and higher oil prices are tightening overall market liquidity; investors should maintain cash positions, shorten duration, and stay alert.
1011 Whale Agent: SPR may cover only 12–15% of the supply gap, recommends bullish oil position
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Summary
Whale activity remains strong, with the '1011 Whale' agent, Garrett Jin, indicating a bullish trend in oil markets. As the closure of the Strait of Hormuz enters its 16th day, Brent crude has risen above $103, a 45% increase since February 27. No ceasefire is in sight, and the Strategic Petroleum Reserve may cover only 12–15% of the supply shortfall. Jin recommends a bullish position on oil, reducing equity exposure in Japan, South Korea, and Europe, while maintaining cash as liquidity tightens.
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