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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
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Bill back beddr


2 posted on 10/12/2021 2:46:02 AM PDT by dsrtsage ( Complexity is just simple lacking imaginationd)
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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.)
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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.)
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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 ( )
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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)
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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
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
This topic was posted 10/12/2021, 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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