Post by
Jimmy1page on Aug 02, 2024 10:10am
Oil prices
Are we headed into the 60's?.
Comment by
Dibah420 on Aug 02, 2024 10:27am
Possible, but I dont think so. My hunch is we are into the last market slump before Powell announces his Fed cuts. At $73 today could go as low as $70 next week. Saudis are already increasing prices for their Asian customers.
Comment by
baranja on Aug 02, 2024 10:51am
Of course it is, it is most likely all Feds made to justify rate cuts.
Comment by
cre8value4me on Aug 02, 2024 10:51am
So far it is bouncing of resistance at the 3 & 6 month lows if it breaks through there I agree I think it could test $70
Comment by
cre8value4me on Aug 02, 2024 10:53am
It is somewhat perplexing that TVE just continues to get slammed the most on down days imagine Ninepoints paper losses today..............Timberrrrrr
Comment by
MLEWICKIMBA on Aug 02, 2024 11:08am
Feels overdone again Many shale producers don't make money under 75 wti.
Comment by
buurrt9779 on Aug 02, 2024 11:41am
Hey! We're only down 10% since yesterday open. Good yhing we have those stellar Q2 earnings to fall back on.