### Factors Influencing Long Positions in Crude Oil
#### Seasonal Demand Growth
Summer typically sees a surge in crude oil demand as increased travel and industrial activities drive up consumption. For example, gasoline demand in the U.S. rises significantly during summer due to higher public travel, providing support for crude oil prices and creating opportunities for long positions.
#### Geopolitical Factors
Conflicts, political instability, or sanctions in major oil-producing regions can disrupt or reduce crude oil supply, pushing prices higher. Although Middle Eastern tensions have eased recently, news of a potential Israeli attack on Iranian nuclear facilities previously caused oil prices to jump 3%. Escalating geopolitical tensions would favor long positions in crude oil.
#### Inventory Levels
A decline in crude oil inventories signals tighter supply, which may drive price increases. When inventory data falls below expectations, market concerns about supply shortages intensify, pushing prices higher and creating opportunities for long positions.
USOIL Today's Trading Strategy Hope this helps you
USOIL BUY@60.5~61
SL:59.5
TP:62~62.5
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.