According to @StockMKTNewz citing Reuters, the first two cargo ships carrying Venezuelan oil exported by Chevron (CVX) after receiving a fresh U.S. authorization last month have departed for the United States (source: Reuters). Additional Venezuelan barrels increase U.S.-bound supply, and increases in crude supply generally put downward pressure on prices under global supply-demand dynamics (source: U.S. Energy Information Administration). Energy prices carry a meaningful weight in U.S. headline CPI, so oil moves feed directly into inflation prints that markets track (source: U.S. Bureau of Labor Statistics). The Federal Reserve targets 2 percent inflation, making inflation data a key driver of policy expectations that influence risk assets (source: Federal Reserve). Crypto markets have shown stronger co-movement with equities and macro shocks since 2020, so policy- and inflation-driven risk sentiment can spill over to BTC and ETH volatility and liquidity (source: International Monetary Fund).

According to The Kobeissi Letter, their short positions in WTI Crude, predicted to fall to $65.00, have become highly profitable as the market aligns with their forecast. This development adds to their prior successful S&P 500 short positions, indicating a strong performance in recent market strategies.

According to The Kobeissi Letter, their premium members were alerted on March 26th to take short positions in WTI Crude, predicting a drop to $65.00. As of April 3rd, these positions are significantly profitable, enhancing returns alongside previous S&P 500 shorts. This demonstrates the effectiveness of their market analysis and trading strategy. Source: @KobeissiLetter.