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What the fuck is going on with the crude price? It’s dropping fast as hell
5 upvotes, 17 comments. Sidechat image post by Anonymous in US Politics. "What the fuck is going on with the crude price?
It’s dropping fast as hell"
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Anonymous 2w

So now the G7 is discussing a coordinated release of oil reserves

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Anonymous 2w

Weren’t those future sales?

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Anonymous 2w

They might’ve gotten the strait of Hormuz back open

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Anonymous 2w
post
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Anonymous 2w

Which is what caused futures to relax after soaring as high as 120ish

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Anonymous replying to -> #1 2w

I’m not sure. I’m checking out this price tracker here.

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Anonymous replying to -> #1 2w

https://www.tradingview.com/symbols/NYMEX-CL1!/

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Anonymous replying to -> #2 2w

I haven’t heard anything

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Anonymous replying to -> OP 2w

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.

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Anonymous replying to -> OP 2w

If I’m right, then I expect things to readjust to about where they were Friday or slightly above

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Anonymous replying to -> #3 2w

Does anyone know what the hell is going on

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Anonymous replying to -> OP 2w

Probably some form of market manipulation. All I can say is it’s not a change in Iran.

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Anonymous replying to -> #3 2w

The individuals in oil are about to get rich as fuck.

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Anonymous replying to -> #4 2w

Yeah that makes sense. Seems like that’s what’s in the media as of today

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Anonymous replying to -> #4 2w

How bad is that

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Anonymous replying to -> OP 2w

It’s a break glass in case of emergency situation

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Anonymous replying to -> OP 2w

Not really great considering the tensions with China & Russia lately

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