Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say

    https://ground.news/article/oil-jumps-10-on-iran-conflict-and-could-spike-to-100-a-barrel-analysts-say_770bae

    Posted by azavio

    25 Comments

    1. TheKingInTheNorth on

      Insane that you could buy a whole barrel of oil for the price of Uber Eats’ing Wendy’s for a family of 4 regards.

    2. InfiniteNerve1384 on

      Demand is still low, so no. Any spike will get leveled out barring new systemic demand.

    3. Oil stocks gonna be high at open, they’ll slowly climb more, then RUG PULL!

      Because we are regarded and we will buy it high and the market knows this

    4. Alone-Supermarket-98 on

      China and several Asian countries are most affected, as china was taking about 90% of Iran’s exports, and gets about 20 % of its total oil imports via the strait of Hormuz. Smaller impact for the EU, very little impact for the US.

    5. llamaswithhatss91 on

      Man, would sure love to know how gas was cheap as $2 a gallon in this country. It’s over $4 here and climbing. Fuuuuck this shit

    6. Straight-Ad6926 on

      I love how it takes two seconds for the price to jump 10% on a headline but takes six months and a miracle for it to drop $0.05 when things calm down.

    7. I’m gonna wait and see what Jim Cramer has to say about the situation before making my move

    8. I should have stocked up on oil during COVID when prices were negative. I could have turned my -$20 into $100

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