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

[JohnDB]

Hilarious. What spin!! Price shot up to $115 and pulled back to, now $103, because they expect a release in strategic reserves. Reminder prices ended 2024 in the $60's under Biden, The Oil President.

View attachment 1228885

The 5 day shows manipulation....heavy manipulation.

Meaning its day trader crap investment territory now. Unsafe to invest in. Hedge funds with literally billions at their disposal are setting the prices with other hedge funds using naked shorts to make it drop.

The price? It has zero basis in reality anymore except to scalp average people at the pump. Anything with over a whole dollar on a candle is telling everyone watching that.

 

[Cellblock2429]

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.

https://www.wsj.com/livecoverage/iran-war-news-updates-2026?st=K4fzGd&reflink=article_copyURL_share

https://www.cnn.com/2026/03/08/business/oil-prices-war-iran-trump?cid=ios_app

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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.

/----/ I bought USO at $90. It's at $123 this morning. Why didn't you?

 

[JohnDB]

 

[Cellblock2429]

Transitional huh? Nice. Go with that. You guys have been reduced to cheerleaders.

/----/ And you guys have been reduced to sitting in the cheap seats throwing spitballs at the champions on the field getting it done.

 

[JohnDB]

/----/ I bought USO at $90. It's at $121 this morning. Why didn't you?
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I would naked short it at 120.....hold it for weeks. Sell even more if it jumps higher.

Iran is just holding the straight hostage. UAE has lots of ability....more than Saudis. And there's a ton more capacity running about. Just unused due to refinery costs...but those costs can be mitigated by retooling. (Venezuela oil specifically)

Lots of countries that produce oil want to sell well beyond OPEC limitations. Iran's and Loyds of London's choke point cannot hold for long. Not long indeed. And at this point Russia will give up Ukraine just to sell some legitimate oil. (Shadow fleet disappeared somehow mysteriously)

 

[citygator]

The 5 day shows manipulation....heavy manipulation.

Meaning its day trader crap investment territory now. Unsafe to invest in. Hedge funds with literally billions at their disposal are setting the prices with other hedge funds using naked shorts to make it drop.

The price? It has zero basis in reality anymore except to scalp average people at the pump. Anything with over a whole dollar on a candle is telling everyone watching that.

There is a war going on.. Dont you think that uncertainty and the supply damage is the reason for the spike.. not hedge fund stuff? Yes price gouging happens in uncertainty.

 

[pknopp]

There is a war going on.. Dont you think that uncertainty and the supply damage is the reason for the spike.. not hedge fund stuff? Yes price gouging happens in uncertainty.

It's BOTH.

 

[JohnDB]

There is a war going on.. Dont you think that uncertainty and the supply damage is the reason for the spike.. not hedge fund stuff? Yes price gouging happens in uncertainty.

But the axiom holds true....if you want to make a small fortune in futures then you must first start with a large one and begin day trading based on headlines and news reports.

 

[Zincwarrior]

I would say it tops out at $160. Above that the people actually in charge inform Trump his war is over.

 

[JohnDB]

 

[citygator]

The US doesnt produce oil that it's refineries can use so we import oil for our gas and export oil for other countries to refine. Regardless oil is a worldwide product. If Europe has to pay $108 the US will ship product there leaving less here so... prices go up here.

 

[Cellblock2429]

/----/ Lloyd's of London won't insure the ships going through the strait. That's the problem.

 

[Cellblock2429]

I would naked short it at 120.....hold it for weeks. Sell even more if it jumps higher.

Iran is just holding the straight hostage. UAE has lots of ability....more than Saudis. And there's a ton more capacity running about. Just unused due to refinery costs...but those costs can be mitigated by retooling. (Venezuela oil specifically)

Lots of countries that produce oil want to sell well beyond OPEC limitations. Iran's and Loyds of London's choke point cannot hold for long. Not long indeed. And at this point Russia will give up Ukraine just to sell some legitimate oil. (Shadow fleet disappeared somehow mysteriously)

/----/ Rather than naked shorts, I sold 10 cash-secured PUTS at about $113 expiring on the 11th for $5,000. I'll do it again, expiring on the 13th.

 

[Mashmont]

I posted no opinions. Just facts. Should we ignore the rising oil prices? Gas will hit $4 by Wednesday. Maybe $5 by Friday

Gasoline prices suddenly matter to leftwingers. You weren't posting "facts" about low oil prices for the past year. Why not?

 

[TimFitz]

I won’t make any predictions other than it will get worse.

Trump doesn’t know what to do next, and he is not in control of the war he started.

 

[IM2]

LOL .. let me translate: it was not needed, and the experts have been debunked. Only sheeple like you followed your "expert" leadership .. It's okay .. you'll survive.

Nothing has been debunked. Milions of lives were saved.

 

[Lisa558]

So would now be a good time to put more regulations on US Energy Companies??

Now’s a good time to invest in companies who rely a lot of fuel. There will be bargains galore.

 

[Mashmont]

I won’t make any predictions other than it will get worse.

Trump doesn’t know what to do next, and he is not in control of the war he started.

USMB Tim Fitz wasn't personally briefed by the administration on the plan, so he assumes there isn't one.

 

[IM2]

Still cheaper than under Biden... where were you then?..

Gas went up because of COVID, not Biden. Biden didn't start a war for no reason, and the price increases have just begun.

 

[SweetSue92]

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.

https://www.wsj.com/livecoverage/iran-war-news-updates-2026?st=K4fzGd&reflink=article_copyURL_share

https://www.cnn.com/2026/03/08/business/oil-prices-war-iran-trump?cid=ios_app

View attachment 1228769


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.

TDS made the Left adore the oil companies hahahah