Oil Drops $25 in One Day

[SeaMajor7]

I don't know shit about the how and why the futures market comes to their projections, but I think it's freaking ridiculous that they can manipulate the market based on DAILY headlines.

 

[struth]

I just did it again and it’s $77.41. You can see the fluctuation real time.
Google price of oil today.

I think yoj are looking at oil futures v current prices

 

[RoshawnMarkwees]

I don't know shit about the how and why the futures market comes to their projections, but I think it's freaking ridiculous that they can manipulate the market based on DAILY headlines.

Daily developments and pronouncements can immediately impact future supply.
Look at how both Obama and Biden admins made prices spike that way.

 

[RoshawnMarkwees]

I think yoj are looking at oil futures v current prices

I’m looking at the graph on the screen in the search. You can see its movement over the course of the day. I doubt that anyone else’s Google search is any different from mine.

 

[struth]

I’m looking at the graph on the screen in the search. You can see its movement over the course of the day. I doubt that anyone else’s Google search is any different from mine.

Yeah I saw it but it was for futures

 

[RoshawnMarkwees]

 

[SeaMajor7]

Daily developments and pronouncements can immediately impact future supply.
Look at how both Obama and Biden admins made prices spike that way.

Like I said, IDK, it just seems too willy nilly to me.

 

[RoshawnMarkwees]

Yeah I saw it but it was for futures

That’s what drives costs.

 

[RoshawnMarkwees]

Like I said, IDK, it just seems too willy nilly to me.

Prices of gasoline going from $2.50 to $4.50 in a matter of weeks is not willy nilly.

 

[CrusaderFrank]

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

US stocks hover just below records as oil slips on hopes of an Iran deal

The U.S. stock market is hanging just below its records as oil prices keep dropping on hopes that a deal may be nearing to allow tankers to deliver crude once again from the Persian Gulf to customers.

apnews.com

Wonder how big a short positions people took on oil immediately before Trump's "peace in our lifetime" announcement?

 

[SeaMajor7]

Prices of gasoline going from $2.50 to $4.50 in a matter of weeks is not willy nilly.

I'm talking about oil, not gasoline. But now that you mention it, sure, gas prices skyrocket up when the oil goes up, but gas prices sure take a long time to come down when oil drops significantly.
But I'm admiringly ignorant about the whole thing, so I shouldn't complain that much, I guess.

 

[Moonglow]

I'm talking about oil, not gasoline. But now that you mention it, sure, gas prices skyrocket up when the oil goes up, but gas prices sure take a long time to come down when oil drops significantly.
But I'm admiringly ignorant about the whole thing, so I shouldn't complain that much, I guess.

Then put down the pom-poms for Trump.

 

[RoshawnMarkwees]

I'm talking about oil, not gasoline. But now that you mention it, sure, gas prices skyrocket up when the oil goes up, but gas prices sure take a long time to come down when oil drops significantly.
But I'm admiringly ignorant about the whole thing, so I shouldn't complain that much, I guess.

Oil drives gasoline prices. Gas prices ultimately become a barometer for all consumer goods prices. That’s why oil prices are so important.

 

[konradv]

I'm taking bets on how long before you post another stupid anti-Trump screed.

What’s the over/under?

 

[EvilEyeFleegle]

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

US stocks hover just below records as oil slips on hopes of an Iran deal

The U.S. stock market is hanging just below its records as oil prices keep dropping on hopes that a deal may be nearing to allow tankers to deliver crude once again from the Persian Gulf to customers.

apnews.com

Price of gas...still high and going higher.

 

[SeaMajor7]

Oil drives gasoline prices. Gas prices ultimately become a barometer for all consumer goods prices. That’s why oil prices are so important.

Well, I know that.

 

[Admiral Rockwell Tory]

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

US stocks hover just below records as oil slips on hopes of an Iran deal

The U.S. stock market is hanging just below its records as oil prices keep dropping on hopes that a deal may be nearing to allow tankers to deliver crude once again from the Persian Gulf to customers.

apnews.com

Bullshit!

 

[Admiral Rockwell Tory]

I said mid $70.
$77.69 right this minute.
Google ‘oil price today’.

Fox News is showing about $95.00 and is up today.

 

[Admiral Rockwell Tory]

I said mid $70.
$77.69 right this minute.
Google ‘oil price today’.

Fox News is showing about $95.00 and is up toda

View attachment 1253469

FUTURES!

 

[Admiral Rockwell Tory]

That’s what drives costs.

In the future, not now!

You speak de English?