Oil Drops $25 in One Day

RoshawnMarkwees

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Oil was over $100 yesterday, May 6 and is in the mid-$70 range today, May 7.
 
Oil was over $100 yesterday, May 6 and is in the mid-$70 range today, May 7.

there never was that much passing through the Strait in the first place. Over two thirds of ME production goes out via other routes. It was just speculators running up futures prices.
 
Oil was over $100 yesterday, May 6 and is in the mid-$70 range today, May 7.
Its $95 at time of writing. Not sure what you are talking about.
1778177263474.webp
 
Its $95 at time of writing. Not sure what you are talking about.

It could be referring to oil futures. But I'm with you, the prices I'm pulling up are:
1778177456190.webp


Hopefully things will soon settle down. A year ago we had the stock market dealing with on/off/on-again tariffs and now this year oil is having the same up-and-down effect on the market.

I'm not into conspiracies about market manipulation, at least not yet.
 
Taking bets on how long before Trump does something stupid again.
I can’t think of anything more stupid than flooding the ruling theocracy in Iran that hates US and IL with billions of dollars and then patting ourselves on the back thinking that they will cease development and material procurement for nuclear weapons and that they won’t use those funds to fight wars and commit terrorist acts against US and our allies.
 
15th post
I can’t think of anything more stupid than flooding the ruling theocracy in Iran that hates US and IL with billions of dollars and then patting ourselves on the back thinking that they will cease development and material procurement for nuclear weapons and that they won’t use those funds to fight wars and commit terrorist acts against US and our allies.
That was all taken care of by Obama, until Trump shit all over it.
 
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