Gold Member BOHICA Posted July 18, 2022 Gold Member Share Posted July 18, 2022 Oil prices gained over 4.6% on Monday as the market attempted to digest developments in the Middle East, and as the dollar weakened slightly. https://oilprice.com/Latest-Energy-News/World-News/100-Oil-Is-Back-For-The-Long-Haul.html Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 18, 2022 Share Posted July 18, 2022 Will this be the new RIVN thread? Crude oil WTI crude futures rose almost 4% to above $101 per barrel on Monday, reversing losses from earlier in the session as investors grappled with ongoing supply tightness and risk appetite returned to markets. Saudi ministers insisted that policy decisions would be based on market dynamics and according to the OPEC+ meeting on August 3rd, despite US President Biden’s pledge to increase oil supply. Elsewhere, Libya said all oil fields and ports are restarting and electricity output will increase after months of outages. On the demand side, gasoline and diesel sales in India's third-biggest energy consumer fell in the first half of July due to seasonal rains. The US oil benchmark dropped almost 7% last week and has been declining since mid-June as growing recession concerns, driven by aggressive rate hikes worldwide, ripped through commodity markets. Traders also remain wary about wider Covid-19 lockdowns in China and western proposals for a price cap on Russian oil. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 18, 2022 Share Posted July 18, 2022 stop bitching about it and invest in it oil has intrinsic value, unlike crypto Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted July 18, 2022 Platinum Contributing Member Share Posted July 18, 2022 @spin_dry, I thought it was going to be tanking shortly?? Maybe you should set him straight Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 18, 2022 Share Posted July 18, 2022 4 minutes ago, Rigid1 said: @spin_dry, I thought it was going to be tanking shortly?? Maybe you should set him straight I paid $3.79 today. Down from $5.12 a month ago. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted July 18, 2022 Platinum Contributing Member Share Posted July 18, 2022 12 minutes ago, spin_dry said: I paid $3.79 today. Down from $5.12 a month ago. Well that is good, but you two in 48 hours have two conflicting articles, who's right?? @BOHICA@spin_dry Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 18, 2022 Share Posted July 18, 2022 5 minutes ago, Rigid1 said: Well that is good, but you two in 48 hours have two conflicting articles, who's right?? @BOHICA@spin_dry It is good. And next week it’ll be cheaper. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 18, 2022 Platinum Contributing Member Share Posted July 18, 2022 3 minutes ago, Rigid1 said: Well that is good, but you two in 48 hours have two conflicting articles, who's right?? @BOHICA@spin_dry Seems to be a trend with those them Quote Link to comment Share on other sites More sharing options...
Rod Posted July 18, 2022 Share Posted July 18, 2022 Grains too Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted July 18, 2022 Platinum Contributing Member Share Posted July 18, 2022 (edited) 13 minutes ago, spin_dry said: It is good. And next week it’ll be cheaper. Giddy up!! We dropped 4 cents was $4.45 sundee Edited July 18, 2022 by Rigid1 Quote Link to comment Share on other sites More sharing options...
Anler Posted July 18, 2022 Share Posted July 18, 2022 My oil stonks love $100 oil Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 18, 2022 Platinum Contributing Member Share Posted July 18, 2022 I just paid $4.78 today whooopie. Mid $2 range again please Quote Link to comment Share on other sites More sharing options...
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