| Commodity | Price | Change | % Change |
|---|---|---|---|
| WTI Crude | 94.37 | -0.44 | -0.46% |
| Brent Crude | 100.0 | -0.03 | -0.03% |
| Murban Crude | 97.92 | +1.26 | +1.30% |
| Natural Gas | 2.824 | +0.055 | +1.99% |
I haven’t done any research on oil production, but I’m pretty sure producers are rising to the challenge, there’s too much money to be made so the hole left by the closure of the straight of Straight of Hormuz will be filled soon.
On this day in 2012, WTI Crude was $106.17 - $12 higher than today. Obama was re-elected and the Democrats actually GAINED 8 seats in the House.
Cool story... but it hasn’t dropped at the pumps. He has manipulated and insider traded oil prices and futures 6 or 7 times in this war.
But pump prices are up and have not dropped since this Israeli war.
I filled up yesterday and paid about an extra 2 dollars a gallon from January. I called it paying my 60 dollar Israeli tax.
I’m on pins and needles wondering how next week will look in the oil markets. It seems to me Trump wants this war ended badly even at the expense of losing control over the strait. If Iran is able to take over with their shake down scheme, I wonder what the war was all about?
in this case when can the raping start? i’d like to watch
It will take about a week for the lower prices to kick in the y rise fast and fall slow.