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- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 1
Tomorrow is going to be a bloody mess in all markets:
https://finviz.com/futures.ashxYou're doing a heckuva job, Dopey Don!
https://www.reuters.com/world/europe/trump-rejects...U.S. crude futures rose more than 20% in early trade on Monday, hitting their highest since July 2022, amid fears of tighter supply and prolonged disruptions to oil shipments through the Strait of Hormuz. Brent jumped 17% to $108.73 a barrel, having already soared 28% last week.
On Wall Street, S&P 500 futures ESc1, opens new tab shed 1.6%, while Nasdaq futures NQc1, opens new tab dived 1.7%.
No. of Recommendations: 0
https://bsky.app/profile/gasbuddyguy.bsky.social/p...Patrick De Haan
@gasbuddyguy.bsky.social
We're in uncharted territory- if WTI crude holds these gains tomorrow- the current rise of 29.9% or $27.16/bbl would be its largest single day price jump- in both percent and amount- ever. Ever. EVER.
No. of Recommendations: 0
We're in uncharted territory-
I posted, on the Policy board, the all time high, of something like $147, for WTI, in July 2008. Adjusting for inflation, that would be about $214 now.
I saw a $118 print earlier this evening. Bill saw a print over $119. As usual "Mr Market" is driven by herd panic. Currently, WTI at $107.05 and Brent at $110.65.
After the invasion of Iraq, I found I could buy big oil in late January, ride the inevitable ramp job through the spring, and sell at a nice profit around Memorial Day. Worked that scheme several years in a row, through 2008.
Steve
No. of Recommendations: 0
NPR is talking $4/gallon by the end of the week. Some traders are targetting $200/bbl.
Prior runups were different. The oil began to flow. This time, the oil won't flow.
No. of Recommendations: 0
I posted, on the Policy board, the all time high, of something like $147, for WTI, in July 2008. Adjusting for inflation, that would be about $214 now.
Yes, and, in reverse, adjusted for inflation $107 now (for instance) would be the same as $159 then. I know we live in a math-challenged world, but isn't $159 still more than $147?
Pete
No. of Recommendations: 0
NPR is talking $4/gallon by the end of the week. Some traders are targetting $200/bbl.
Ah, the media is starting the hysteria parade, as it does with everything it latches on to.
Buckle up.
Steve
No. of Recommendations: 0
The G7 is meeting to find ways of getting more oil.
The traders have oil down $2.59 for the day.
Reading between the lines is dangerous?
