Post by
1234bmth on Jan 15, 2025 12:02pm
Oil
The way oil is going up for the past few days, is unusual, something big may be pending, there are things that we don't know, but big pockets know it.
Comment by
1condor on Jan 15, 2025 12:50pm
1234bmth...oil is rising because of Russian sanctions and how much oil will come off the market. Canadian oil market not responding to oil rise because of tariff threat.
Comment by
1234bmth on Jan 15, 2025 1:00pm
Oil is up more than $12 within a short period of time, I don't think this is solely due to Russia sanctions, yes, Canadian oil would be under pressure due to US tariffs, but this will cause WTI to go much higher because US refineries should find alternative to Canadian oil, therefore the demand will decrease in Canadian oil, but it will increase elsewhere.