Newsnews

Sun Dec 2, 2018, 10:29 PM

Fools Gold. The Saudis are meeting to stop the oil rout. My USHYX has suffered about 40K from

President Dumbbell's trick on KSA giving waivers on Iranian oil purchases by several big countries. Now they are pissed and may cut up to1.5 million barrels a day--or more. Here's WTI and Brent charts. See the island formations. They could reverse but usually they come/appear after a fierce build ups. Not so here.
https://www.finviz.com/futures_charts.ashx?p=d1&t=CL
https://www.finviz.com/futures_charts.ashx?t=QA&p=d1

JoeFriday6

3 replies, 140 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Fools Gold. The Saudis are meeting to stop the oil rout. My USHYX has suffered about 40K from (Original post)
joefriday6 Dec 2 OP
Da Mannn Dec 2 #1
FreeWheelBurning Dec 3 #2
Ruby Dec 3 #3

Response to joefriday6 (Original post)

Sun Dec 2, 2018, 11:33 PM

1. Not too worried. Lots of American oil.

when the price goes up, Americans start pumping. When the price goes down we buy cheaper oil.
The only difference is who you pay.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to joefriday6 (Original post)

Mon Dec 3, 2018, 08:41 AM

2. If they cut production they risk losing market share

I wonder what country could fill that new demand?

The US.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to joefriday6 (Original post)

Mon Dec 3, 2018, 09:34 AM

3. Id really like to know why heating oil is still through the roof though.

Crude is way down but I’m still paying more than last year. WTF.

Reply to this post

Back to top Alert abuse Link here Permalink

Newsnews