Crude Oil Down Again. Break $100 Soon

[canada812]

Back again at 102. Crazy moves in the last few days.

 

[Nine_Ender]

Back again at 102. Crazy moves in the last few days.

Remember though, Ken's long SCO. That's almost always a sign to go long WTI . Option expiry tomorrow so I'll sell some stuff today regardless.

 

[klattermusen]

I laugh when people call for $150-$200 oil. Any govt in power that allows that to happen will be committing political suicide. Biden and others will make deals with Venezuela and Iran before that ever happens.

 

[maxinger]

how high will it go for today?
110?

 

[maxinger]

 

[Pricechange]

I laugh when people call for $150-$200 oil. Any govt in power that allows that to happen will be committing political suicide. Biden and others will make deals with Venezuela and Iran before that ever happens.

Exactly.

A very Bad Iran deal is nearly done. And Israel will rightly start lobbing Missiles into Iran the Day The Deal Is Signed.
https://www.bbc.com/news/world-middle-east-60725959

When Venezuela deal is done Both Rubio and DeStanis will crush any life still left outta Biden's Administration.
https://www.rubio.senate.gov/public...d-natural-gas-imports-from-iran-and-venezuela

Yet...its only March 2022. We still have a ways to go till 2024. Biden can COMPLETELY destroy much of the world by that point.

A hot war with Iran says LONG oil.

A hot war between Colombia and Venezuela after such a oil deal says LONG oil.
https://www.jpost.com/international/article-695478

Both are almost certain regarding these very poorly orchestrated desperate deals. Biden doesn't run the MIC at all. In fact, he hates the MIC. And, he hates big Oil.
Look for LONG oil.

 

[treeman]

I laugh when people call for $150-$200 oil. Any govt in power that allows that to happen will be committing political suicide. Biden and others will make deals with Venezuela and Iran before that ever happens.

How many people had negative oil on their bingo card? Anything can happen. I wouldn’t be surprised to see oil go to 200, or copper to 10. That doesn’t mean people hold all the way there.

Above the 2011 highs, you have to be long oil. Well, you don’t have to be. You can do whatever you want. The R:R is extremely favorable here as that’s a clear line of supply.

good luck trading.

 

[Overnight]

...

Above the 2011 highs, you have to be long oil. Well, you don’t have to be. You can do whatever you want. The R:R is extremely favorable here as that’s a clear line of supply.

good luck trading.

You know, I was going to retort about demand destruction killing the run in crude. But now that Biden et. al. are considering stimulus payments for oil? That is right out the window. CL to 150. Fugheddabouddit. Biden and his lackeys don't know the fak they are doing regarding the damping down of oil prices. Gas to 5 bux per gallon. He is going the wrong way with his policies! Moron.

 

[Buy1Sell2]

Down $7 again. Russian oil will find some crack into the market eventually. A lot countries will be happy to buy the oil on the cheap. Sanctions rarely work on hot commodities.

People need food and energy as essentials. They do not want to go hungry or freeze to death over winter.

Wealthy countries can pay $5 or $6 gallon gasoline. But poor countries just can't.

War will continue. There will be some compromise to the end. Warring parties are all losers.

WRONG

 

[S.Luke]

Due to the current war, crude oil prices are about to be raised drastically, as per the research analysis. U.S. prices briefly dip below $100 a barrel.