Post by
BLACKJACK86 on Sep 05, 2024 11:39am
Sellers on wti are relentless
a good draw and they manage to sell the news, seems like nothing will lift the price of Wti in the short term .
Comment by
vindaloo_u2 on Sep 05, 2024 11:59am
The libya stoppage (600kbpd) pushed up oil for a few days last week until the rumor it was coming to an end (it hasn't) and that opec would increase production (they won't). Oil price has dropped about 10 bucks since then on worries of "demand worries" (see consistent drops in inventories). Nauseating bullshyte.
Comment by
Jimmy1page on Sep 05, 2024 5:02pm
I think they've made changes to the algorithm that controls oil prices. Non of this is logical.