Oil Prices Fall Back As Supply Optimism Outweighs Conflict, Storm Risks

    https://www.wsj.com/business/energy-oil/oil-prices-rise-as-houthi-attacks-u-s-gulf-storm-raise-supply-risks-9a0aacf8

    Posted by SharkSapphire

    19 Comments

    1. bubblegum-rose on

      The market constantly deluding itself into thinking there is no war is a constant insane call opportunity

      If BNO dips again I’m buying calls. If it dips below $60 again I’m putting my whole life on calls

    2. Didn’t Trump just push our allies to use their winter reserves early to push down short term prices?

    3. Aka it’s so bad they can’t fathom that this plays out.

      Yet diesel continues to move higher

    4. CalebVanPoneisen on

      The past was alterable. The past never had been altered. America was not at war with the Middle East. America had never been at war with the Middle East.

    5. Ya it scream abundance when the eu was just threatened into releasing 100 million barrels of their strategic reserve.

    6. Welcome-To-NBA-Jam on

      Wait so the solution to reducing oil prices is “optimism?”

      Some gay feely bullshit is what will make oil cheaper?

    7. Oil is not a constraining factor, crude oil doesn’t have a huge a crunch, it’s the refining capacity. You can have all the oil but if you can’t refine is worth less. Hence why oil is down and gas is elevated still.

    8. Then tomorrow those two will be the reason it goes back up then next few days optimistic again.

      It’s like few people wake up and just tell everyone to buy or sell .

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