TechFlow News, March 18: Garrett Jin, operator of “1011 Insider Address” and co-founder of XHash, stated that the current market’s assessment of oil prices suffers from a structural misconception.
Garrett Jin noted that Brent crude is trading at approximately $106 per barrel and WTI at around $95—levels that superficially appear manageable. However, these figures reflect only localized conditions in the Atlantic Basin market. The critical pressure signal instead comes from the Dubai/Oman crude benchmark, which has approached $155 per barrel. Since crude oil flows through the Strait of Hormuz are primarily directed toward Asian markets—not Western ones—the mainstream Western benchmarks fail to accurately capture the actual supply-demand dynamics in Asia’s energy market. Garrett Jin contends that this price divergence is not a short-term fluctuation but rather exhibits structural characteristics.
