Oil Blows Past $100 Per Barrel - Experts Warning $200 Possible

Oil prices blow past $100 a few hours ago for the first time in years. Experts warning investors to expect all time highs.

Not what a weakening economy needs that’s for sure.



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After adding more than $40 a barrel in a little more than five trading sessions, the nominal record for West Texas Intermediate futures—$145.29, set on July 3, 2008—no longer seems out of reach. And if the Strait of Hormuz remains a barrier to Middle Eastern barrels reaching the market for long, an inflation-adjusted all-time high around $215 a barrel might also be in sight.
What were you saying about $200 a barrel for oil?

Its about $85 today
 
What were you saying about $200 a barrel for oil?

Its about $85 today
I didnt say that. The thread above correctly reports that prices blew past $100 and some experts think it could get to $200 if Trump doesnt reverse course. The market thinks he will reverse course even though he is flip-flopping on it. We'll see if he follow through or not. Follow through isnt one of his trademark characteristics.
 
Prices were as high or higher 4 years ago. In 2022 prices averaged $86/barrel.

Biden then nearly depleted the SPR.


Price Volatility: After hitting high levels in 2022 (averaging
that year) ...


That means prices haven't spiked? It's just our imagination?
 
It’s up 50%. The fact that it’s not up 100% is a win? What a cult!
LOL. Yesterday, you were crowing about oil possibly hitting a new record. Now it's cratered the other way. You did the same thing with the stock market. Spiked the ball at the 10 yard line.
 
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"Experts warning ..."

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I didnt say that. The thread above correctly reports that prices blew past $100 and some experts think it could get to $200 if Trump doesnt reverse course. The market thinks he will reverse course even though he is flip-flopping on it. We'll see if he follow through or not. Follow through isnt one of his trademark characteristics.
Some lib trump haters rushed to predict $200 oil and you excitedly reposted

But it aint so, much to your disappointment
 
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