Oil prices rally as producers tackle supply glut

Fox Business ^ | April 30 2020 | Jonathan Garber

[knighthawk]

Oil prices surged for a third straight day Thursday amid evidence that fuel demand is starting to return, compounding the benefit from production cuts by the world’s largest producers starting on May 1.

West Texas Intermediate crude oil, the U.S. benchmark, was trading up 17 percent at $17.65 per barrel while Brent crude oil, the international benchmark, was higher by 13 percent at $25.43 per barrel.

The energy components fell 75 percent and 65 percent, respectively, this year through Wednesday.

[HighSierra5]

Well,enjoy these prices while they last. Just like the light traffic and your kids not being brainwashed by the commie teachers. I might add that this social distancing has been great for not having to associate with idiots that you can’t stand. Gee,I’d like to see you but we really should keep our distance. He he.

[Kriggerel]

“...and your kids not being brainwashed by the commie teachers. I might add that this social distancing has been great for not having to associate with idiots that you can’t stand.”

If I can add to this another recent trend that I’d really like to see cut out like the cancer it is: Somewhere along the line, I apparently missed the memo that everyone you meet has both the right and expectation to be on instant, first-name basis with you.

When even spam ad-email is addressed to you as: “Hello, (your first name)!”
Yeah, well just like someone deliberately using your entire name as a form of address only means that you’re in some kind of trouble, if anyone OTHER than a best friend or a lover addresses me that way, I instantly want to hide my wallet...