Watching price of oil

[JamesNet]

A $100 bill is no where enough to fill up my F-150 that I know so price of gas is high.

[Matty2]

If there is no war going on with Iran why is the price at the pump so high?

[drPorn]

This should help prices


"WASHINGTON (AP) — The Group of Seven industrial nations said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with "substantial" amounts of diesel after the fuel recently hit record high prices in the United States.

President Donald Trump said the diesel release would happen "immediately," while a G7 statement promised a "frontloaded substantial release" of diesel within the next 20 days."


https://www.yahoo.com/news/politics/art ... 11437.html

[TheButcher]

This should help prices


"WASHINGTON (AP) — The Group of Seven industrial nations said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with "substantial" amounts of diesel after the fuel recently hit record high prices in the United States.

President Donald Trump said the diesel release would happen "immediately," while a G7 statement promised a "frontloaded substantial release" of diesel within the next 20 days."


https://www.yahoo.com/news/politics/art ... 11437.html

That's a day's worth of oil used in the world, it will delete already lowered strategic petroleum reserves which is not good.

[Big MOE]

Why is it at $110 right now, the war is not happening for weeks.

[Emil]

There is no kinetic action for months why is oil still between $100 and $110 a barrel all this time?

[tacnet]

There is no kinetic action for months why is oil still between $100 and $110 a barrel all this time?

Because its all based on futures. Stock piles are running low and Trump still has no way to end the war in Iran (instead he is trying to shift the blame onto Zelensky) so the demand for oil is still outstripping supply

There's an old saying that oil prices go up like a rocket, but come down like a feather. They wont start coming down until Trump ends the war with Iran

[TheButcher]

Brent is at $113.28 and my feeling is war is going to break out again any minute.

[greatpornlinks]

Wow $115 plus today

[Webby]

Just checked $116.72 / barrel.