Crude is retracing, actualy a good thing.
- Thread starter Rickshaw Man
- Start date
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LOL. As if moves have to make sense to me or you to be valid??
Makes perfect sense to me\ going down sense of TX Tea from $150 hi price.
Bear markets or too hi gasoline prices , which reduced gasoline demand+ prices \ makes perfect sense to me. increase home off ice use less gas = oil demand.
People fly less+ use less jet fuel \ makes perfect sense to me. Of course if the airlines over did the firing, + now dont have enough workers, lower jet set fuel prices may not make lower airline ticket prices.
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LOL. As if moves have to make sense to me or you to be valid??
Makes perfect sense to me\ going down sense of TX Tea from $150 hi price.
Bear markets or too hi gasoline prices , which reduced gasoline demand+ prices \ makes perfect sense to me. increase home off ice use less gas = oil demand.
People fly less+ use less jet fuel \ makes perfect sense to me. Of course if the airlines over did the firing, + now dont have enough workers, lower jet set fuel prices may not make lower airline ticket prices.
I am just trying to understand who is doing what? News just came out that Joe Biden might release more oil from US strategic oil reserves to keep oil prices down. In contrast, OPEC has already decided to cut the supply of oil. Near term, it seems reasonable to expect oil prices to retrace. The US will dump some more of its oil from the US strategic oil reserve in the oil market like they did before selling oil to China and Europe, a few weeks ago. Oil went down then, went back up which is why oil trading has been choppy of late.
