So now the G7 is discussing a coordinated release of oil reserves
5
Anonymous2w
Weren’t those future sales?
1
Anonymous2w
They might’ve gotten the strait of Hormuz back open
1
Anonymous2w
1
Anonymous2w
Which is what caused futures to relax after soaring as high as 120ish
1
Anonymous#12w
I’m not sure. I’m checking out this price tracker here.
1
Anonymous#12w
https://www.tradingview.com/symbols/NYMEX-CL1!/
1
Anonymous#22w
I haven’t heard anything
1
AnonymousOP2w
I could be totally wrong, but the markets closing over the weekend effects the way brokers trade, and I feel like it’s correcting itself as the markets prepare to open again. Just speculation, but maybe it comes down to a bunch of nervous, anxious brokers.
1
AnonymousOP2w
If I’m right, then I expect things to readjust to about where they were Friday or slightly above
1
Anonymous#32w
Does anyone know what the hell is going on
1
AnonymousOP2w
Probably some form of market manipulation. All I can say is it’s not a change in Iran.
1
Anonymous#32w
The individuals in oil are about to get rich as fuck.
1
Anonymous#42w
Yeah that makes sense. Seems like that’s what’s in the media as of today
1
Anonymous#42w
How bad is that
1
AnonymousOP2w
It’s a break glass in case of emergency situation
5
AnonymousOP2w
Not really great considering the tensions with China & Russia lately