Waiting for all the Biden did that to complain about $130 price of oil to now come back and thank Biden for bringing oil back to $95
$95 still isn’t good but it’s where the market is at right now with oil. There’s too much uncertainty in the world to hold oil below $90 a barrel right now but $130 is way too much for consumers.
The Iranians and Saudis have been meeting in Baghdad to discuss ceasing hostilities in Yemen and the broader conflict. The Saudis have been reluctant to increase production because we (the US) have refused their arms requests under Biden to prosecute the war. The Saudis just did a large mass execution yesterday or the day before that included 30 Shiite muslims and the Iranians withdrew from the talks until at least the end of the week - a major sticking point is the treatment of Shiite Muslims in Saudi Arabia. I think the Iranians are trying to back door an offer with the US’s nuclear program to get some of their oil released. It is an opportune time for them with Russia and the Saudis playing hardball with oil. Whatever, maybe not too, just the oil producing world is crazy right now. So much instability.
