Post by
smallcaptdr on Aug 25, 2022 6:02pm
Oil is definitely selling off @ $92
Oil is bordering $92 and currently, at $93.05 the trading has subsided now that US traders are finished so we'll have to wait to see what they do across the pond tonight but I'm sure that they will trade Oil lower for tomorrow and they could run it up through the night and then sell it off at 9am as they exit. There are just too many reasons for lower Oil. Everyone needs to listen to the FEDs when they say that the largest economy "US" is heading for a deepening recession that will affect Oil demand or ignore it and tell yourself that cheaper Russian Oil and Interest hikes mean little and continue on your merry way.
WTI crude futures extended earlier losses and fell more than 2% to below $93 per barrel, backtracking the near 5% rally from the previous two sessions on the possible return of Iranian oil exports. Tehran said it is reviewing a US response to the EU's "final" text for the revival of the 2015 nuclear deal. The approval of the deal could lead to a surge in production and restore the exports of Iranian oil ahead of the EU’s embargo on Russian oil, set to start in December. Bearish pressure was also brought by expectations that Fed Chair Powell will echo comments from other policymakers signaling for sharp demand desctruction that would dampen energy demand
Comment by
Noisemaker on Aug 25, 2022 6:27pm
It's not working and your still a loser but every party needs a jack@ss to pin the tail too lmao
Comment by
Moemoney42 on Aug 25, 2022 6:32pm
Hey Mr. Small.. have you cleared the use of Buffets image for a moniker with him.. or are you saving your pennies for the defamatory law suit coming your way..??? You sure have alot of "opinions" that you like to paint as facts.. wonder how Mr. Buffet feels about your comments and his picture attached... better have a good lawyer..!!
Comment by
dandu1924 on Aug 25, 2022 6:43pm
What is doing with the identity of somebody else is not legal and I will report to the stockhouse administrator like an abuse and he should be banned. But for the best result we should that with a lot of posters on this board.
Comment by
Noisemaker on Aug 26, 2022 6:39pm
Lmao quick can someone tell me if oil closed up or down today? Warren wanna be said "im sure that they will trade oil lower" lmafao what a loser. As he says "too many reasons" lmao