Oil hits $100

[ColonelAngus]

US military aircraft crashes in Iraq as gas prices rise from Iran war

Oil prices again topped $100 a barrel and two tankers burned in Iraqi waters after an overnight attack.

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.

 

[luiza]

Fancy Trumpfy and his stooges being unable to secure Hormuz 100% before launching their vile Terrorist attack .

What a bunch of amateurs .
No wonder those Iranian Cheeky Chappies have them on the run --- like taking Candy from kids .

 

[Zincwarrior]

Fancy Trumpfy and his stooges being unable to secure Hormuz 100% before launching their vile Terrorist attack .

What a bunch of amateurs .
No wonder those Iranian Cheeky Chappies have them on the run --- like taking Candy from kids .

I hate to say but I agree.

 

[Augustine_]

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

Weird how we're spending so many billions of dollars every day on something that's 80% China's problem

 

[Conservative from Georgia]

US military aircraft crashes in Iraq as gas prices rise from Iran war

Oil prices again topped $100 a barrel and two tankers burned in Iraqi waters after an overnight attack.

www.usatoday.com

$100 oil

How high will it go?

Biden must go!

 

[Zincwarrior]

WTI rose to $103.

 

[Matted Joybeard]