Post by
Bigpond on Nov 04, 2021 4:54pm
Oil price
Don't understand why the oil price dipped after OPEC's decision not to follow Biden's request for out increase. I was expecting to see it close above $83.00.
Comment by
MigraineCall on Nov 04, 2021 5:25pm
Fear of SPR release. https://seekingalpha.com/article/4465639-with-opec-plus-standing-still-the-oil-market-is-starting-to-price-in-a-global-coordinated-spr-release
Comment by
RagingBull3 on Nov 05, 2021 9:27am
Because its not OPEC that controls oil price, it's USA. It has been for Decades, but that control is loosening. All just my opinion/view/thinking
Comment by
Cobalt on Nov 05, 2021 10:46am
Ya sure that is why Biden asked the ME to produce more rather then his USA. Biden canceled Keystone and now his poll numbers are in the tank with high gas prices , so he calls the ME for more , they said Go pound rocks
Comment by
Cobalt on Nov 05, 2021 10:50am
China Opens Its Fuel Reserve to Stabilize Prices November 1, 2021 China said they were releasing products from the state fuel reserve to try and help prevent a diesel shortage. They also were going to release some gasoline as well to try and help stabilize prices add if the fear of US doing the same all short lived blip