Oil hits $100

[ColonelAngus]

Iran war live updates: Oil hits $100 a barrel as leader vows revenge

Supreme Leader Mojtaba Khamenei promised "vengeance for the blood of your martyrs" in his first message to Iranians.

www.usatoday.com

$100 oil

How high will it go?

 

[Chuz Life]

Yeah, someone needs to explain that shit.

On one hand we are being told that the vast majority of oil from Iran is bought by China.

**** China!

We just re-ignited production from Venezuela on a huge scale and we have the ability to "Drill baby Drill"

This looks like opportunistic gouging and nothing more.

 

[wamose]

The whole world needs to rally against Iran, who is truly the great satan. The Iranian Mullahs are a threat to every civilized country in the world as well as their own Democracy loving majority. MIGA.

 

[martybegan]

Yeah, someone needs to explain that shit.

On one hand we are being told that the vast majority of oil from Iran is bought by China.

**** China!

We just re-ignited production from Venezuela on a huge scale and we have the ability to "Drill baby Drill"

This looks like opportunistic gouging and nothing more.

It is volatility caused by the uncertainty of the Iran situation and how long it will last.

Also, this type of reporting is Lazy. What Oil is at $100 a barrel? Also is this spot prices, or futures, and if futures how far out for delivery?

 

[Chuz Life]

It is volatility caused by the uncertainty of the Iran situation and how long it will last.

Also, this type of reporting is Lazy. What Oil is at $100 a barrel? Also is this spot prices, or futures, and if futures how far out for delivery?

I am not buying that the volatility is real when the supply that has been hit is 80% China's problem.

 

[MarathonMike]

The whole world needs to rally against Iran, who is truly the great satan. The Iranian Mullahs are a threat to every civilized country in the world as well as their own Democracy loving majority. MIGA.

Absolutely! If they don't want to send military then send arms to the Iranian people.

 

[Zincwarrior]

It is volatility caused by the uncertainty of the Iran situation and how long it will last.

Also, this type of reporting is Lazy. What Oil is at $100 a barrel? Also is this spot prices, or futures, and if futures how far out for delivery?

At time of writing: (oil is the WTI price).

 

[martybegan]

At time of writing: (oil is the WTI price).
View attachment 1230091

Futures. Once again lack of information, is this 1 month, 3 months or something else.

 

[Zincwarrior]

Futures. Once again lack of information, is this 1 month, 3 months or something else.

Bloomberg is your gateway to the knowledge bombs!

Bloomberg - Are you a robot?

 

[martybegan]

Bloomberg is your gateway to the knowledge bombs!

Bloomberg - Are you a robot?

The problem is people posting on this board half information and then making some point about it without actually presenting what the information is saying.

 

[Zincwarrior]

https://www.bloomberg.com/energy

Now here's the one we are all interested in.

AAA Fuel Prices

 

[ColonelAngus]

Colbert claimed he will pay $16/gallon, no problem.

Lefties should rejoice. They like expensive gas TO SAVE THE PLANET.