Mainecat Posted March 16, 2022 Share Posted March 16, 2022 Oil suffers ‘spectacular’ collapse, enters bear market just 5 days after settling at nearly 14-year highs https://www.marketwatch.com/story/oil-suffers-spectacular-collapse-falls-into-bear-market-territory-just-5-days-after-settling-at-nearly-14-year-highs-11647360885 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 16, 2022 Platinum Contributing Member Share Posted March 16, 2022 Thats still too expensive. Around $60 a barrel would be good Quote Link to comment Share on other sites More sharing options...
toslow Posted March 16, 2022 Share Posted March 16, 2022 Should reflect pricing at the pumps Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 16, 2022 Platinum Contributing Member Share Posted March 16, 2022 1 hour ago, steve from amherst said: Thats still too expensive. Around $60 a barrel would be good What does that price do to American oilfield jobs? 🤷🏻 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 16, 2022 Author Share Posted March 16, 2022 Oh look! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted March 16, 2022 Platinum Contributing Member Share Posted March 16, 2022 8 minutes ago, Mainecat said: Oh look! Way to go Trump! 2 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 16, 2022 Author Share Posted March 16, 2022 (edited) 2 minutes ago, Rigid1 said: Way to go Trump! So yeah for high price oil? Edited March 16, 2022 by Mainecat 1 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted March 16, 2022 Share Posted March 16, 2022 Oil is still $96 per barrel after the "huge collapse". LGB! Quote Link to comment Share on other sites More sharing options...
Anler Posted March 16, 2022 Share Posted March 16, 2022 5 hours ago, toslow said: Should reflect pricing at the pumps Was $4.60 this morning. Spectacular! 1 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted March 16, 2022 Share Posted March 16, 2022 Putin sanctioned Biden and now we have dropping oil prices. Thanks Putin! 3 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted March 16, 2022 Share Posted March 16, 2022 7 hours ago, Mainecat said: Oil suffers ‘spectacular’ collapse, enters bear market just 5 days after settling at nearly 14-year highs https://www.marketwatch.com/story/oil-suffers-spectacular-collapse-falls-into-bear-market-territory-just-5-days-after-settling-at-nearly-14-year-highs-11647360885 And areas in China sre shut down with covid.... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 16, 2022 Platinum Contributing Member Share Posted March 16, 2022 6 hours ago, Jimmy Snacks said: What does that price do to American oilfield jobs? 🤷🏻 Keeps them afloat. Above $50 American oil is profitable. 1 Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted March 16, 2022 Share Posted March 16, 2022 Pump prices are still $4+ for regular and $5 for diesel. Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted March 16, 2022 Share Posted March 16, 2022 Bigger worries potentially with the dollar coming up. Those fucking Saudis are back stabbers. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 17, 2022 Share Posted March 17, 2022 11 hours ago, toslow said: Should reflect pricing at the pumps Always takes weeks ti drop and hrs to go up Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 17, 2022 Share Posted March 17, 2022 2 hours ago, J. Jackson said: Bigger worries potentially with the dollar coming up. Those fucking Saudis are back stabbers. No....we need to suck their dick and lend them our military’s might force a small payment Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted March 17, 2022 Share Posted March 17, 2022 It's been 'spectacular' alright. Price is up almost 8% today to over $100 per barrel again. The solid line is the 200 day simple moving average. Quote Link to comment Share on other sites More sharing options...
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