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Oil trades above $80 a barrel, hitting a 7-year high
The Hill ^
| 11 October 2021
| ZACK BUDRYK
Posted on 10/12/2021 1:52:20 AM PDT by blueplum
U.S. oil prices hit a seven-year high Monday, marking an increase of more than 120 percent from just under a year ago.
On Monday morning, American crude prices increased 2 percent to hit $81.50 a barrel, dropping slightly to $81.15 by midday before closing at $80.49, the first time since October 2014 that U.S. crude closed at more than $80 a barrel.
An international natural-gas shortage could soon extend to the oil market, according to The Wall Street Journal. American natural-gas futures reached $6.31 per million British thermal units last Tuesday, the highest in nearly 13 years,
(Excerpt) Read more at thehill.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: crude; energy; nationalsecurity; opec
even with a covid slowdown, we were positioned perfectly to ride out a world oil 'shortage', except for Bungling Biden messing things up
1
posted on
10/12/2021 1:52:20 AM PDT
by
blueplum
2
posted on
10/12/2021 2:46:02 AM PDT
by
dsrtsage
( Complexity is just simple lacking imaginationd)
To: blueplum
Buy oil stocks.
Make money.
3
posted on
10/12/2021 3:04:21 AM PDT
by
period end of story
(Give me a firm spot, and I will move the world.)
To: blueplum
I miss President Trump. Let’s Go Brandon!
4
posted on
10/12/2021 3:04:26 AM PDT
by
EvilCapitalist
(Pets are no substitute for children.)
To: period end of story
It’s pretty funny. I bought Chevron and BP, and AMLP about a year ago. A Biden voter told me that I will lose money because we dont need oil anymore, and that Inflation was just a myth.
The dividends on these three assets are the best in my portfolio, and they all gained in value.
5
posted on
10/12/2021 4:45:42 AM PDT
by
PA-RIVER
( )
To: blueplum
Oil trades above $80 a barrel, hitting a 7-year high
All according to plan...
6
posted on
10/12/2021 4:49:31 AM PDT
by
COBOL2Java
(Fauci is a despicable little turd)
Comment #7 Removed by Moderator
To: blueplum
Bidet overflows even obumbles' toilet !
No plumber has yet been called.
8
posted on
10/12/2021 6:11:33 AM PDT
by
knarf
To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
This topic was posted , thanks blueplum.
9
posted on
10/18/2021 1:05:21 PM PDT
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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