Traders are betting that something will be worked out. December crude oil traded as low as $85. So much for the fear porn that it would be $200 by then.
Hope them oil traders are hedged well and ready to dump instantly. Fake Russian negotiations = Oil will zoom back up. The oil peak was spot $123/// 4 weeks ago.
“Traders are betting that something will be worked out. December crude oil traded as low as $85. So much for the fear porn that it would be $200 by then.”
Your oil is confirmed by AU, which has been zooming downward along with oil the last two days. AU also peaked at over $2000, back when oil peaked last month.
The lower the oil/natgas prices, the more Bad Vlad’s Tsarist fantasies end up in the dustbin of history.