Traders are actively bidding for oil in the North Sea, indicating ongoing supply constraints. Bloomberg posted on X, highlighting that this activity persists despite a recent drop in futures prices following a ceasefire agreement between the U.S. and Iran. The situation underscores the complexities in the oil market, where geopolitical developments can significantly impact supply and demand dynamics.#NorthSeaOil #OilDemand #TightSupply #Traders #OilMarket #Geopolitics #USIranCeasefire #SupplyDemandDynamics