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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Post by VeritasVernon Jun 23, 2023 10:47am
174 Views
Post# 35511180

oil down another 2% today on top of the big drop yesterday

oil down another 2% today on top of the big drop yesterdaySo oil declines more than 10% in several days due to recession fears while the stock market moves marginally.  So apparently possible higher interest rates by the FED will directly affect oil prices but the general stock market continues to chug along just fine.Clear manipulation given the oil fundamentals and the fact that oil demand is mostly inelastic. We know the Biden admin is desterate to lower oil prices to combat inflation and clearly the manipulation of oil markets is directly in their interests as we have seen inflation pressures decline in the past 6 months due in part to lower oil.  I would say the path sb for all producers in NA to curtail production by 5%, that along with the Saudis would drive oil back up to $80-90 and possibly $100 in a short period. Time to take the kid gloves off.
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